The Housing Market Isn’t Efficient Either

I recently posted a Letter to the Editor at the Early Retirement Planning Insights site entitled The Housing Market Isn’t Efficient Either.

Juicy Excerpt: For so long as market participants are being kept in the dark as to the true (valuation-adjusted) values of the things they are purchasing (whether stocks or houses), the markets are NOT self-regulating. For so long as we as a society continue to entertain the fiction that markets are AUTOMATICALLY efficient, they will remain wildly inefficient.

Comments

  1. Rob says

    Thanks very much for bringing that thread to our attention, RJL. I had not seen it and it cheered me greatly. I will point to that thread at the “Today’s Passion” feature tomorrow.

    Rob

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