Housing.com News, Analysis & Opinion: Greenspan’s Legacy: A Housing Bubble?

Federal Reserve Chairman Alan Greenspan is worried about our long-term economic forecast, and much of that has to do with the low interest rates for mortgages.

Of course, one could argue that the Fed's continual cutting of interest rates in the first place was as much to blame for this...oh, wait, isn't Greenspan chairman of the Fed?

Still, it's not fair to put it all on Greenspan's shoulders. A recent conversation at Patrick.net illustrates that conflicted thinking about bubbles isn't limited to the guys at the top.

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Federal Reserve Chairman Alan Greenspan is worried about our long-term economic forecast, and much of that has to do with the low interest rates for mortgages. Of course, one could argue that the Fed's continual cutting of interest rates in the first place was as much to blame for this...oh, wait, isn't Greenspan chairman of the Fed? Bill Sung at the L.A. Times adeptly notes the precarious legacy of Greenspan, particularly his love for ARMs. Still, it's not fair to put it all on Greenspan's shoulders. A recent conversation at Patrick.net illustrates that conflicted thinking about bubbles isn't limited to the guys at the top.