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.


  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.


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