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Wednesday, January 19, 2011


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Floodplain

Published: Wednesday, Jan. 19, 2011

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Monday August 29, 2005
Alan Greenspan, renewed a warning on Saturday about the sizzling housing market, saying home prices may fall, slowing consumer spending, a chief ingredient for the economy's good health. A day earlier, he cautioned the public against thinking the value of homes and other investments will only go higher. If house prices fell suddenly or if interest rates rose quickly, it could clobber homeowners and lenders. Rising prices have helped make many people feel wealthier and thus more inclined to spend."
Ted Rudow III,MA