Robert Shiller, Yale Professor and cofounder of the much watched Case-Shiller Index, was interviewed back in February this year at a conference. This video clip runs for a few minutes. He’s been very accurate on housing and really is as good as anyone on the current crisis. He makes an interesting point that housing will run the risk of being even more volatile in the future and that this current housing problem will not be over quickly. Given that this clip is now almost six months old, it seems that he was right with that last statement.
Shiller was recently interviewed on CNN two weeks ago. He comments on commercial real estate and also makes note that the millions of people who have lost their life savings in this housing market bubble and crash, “are not going to forget that they were wiped out” due to their home.
Embedded video from CNNMoney Video
