New York Bubble Battle

Aspiring publicists take heed! Dave Platter proves that the “real-estate bubble” as a meaningful term has not only taken the summer off, but is heading for extinction.

It seems like only early June when we were discussing something called “the iron bubble” (subscription required) as a means of deflating some of the senseless bubble-talk about the New York market.

So I guess we’re all done talking about the bubble, right? Wrong! The ever-concerned Paul Krugman had this to say only yesterday:

“Of course, some people still deny that there’s a housing bubble. Let me explain how we know that they’re wrong.”

The professor’s lecture (er, column) also included some new terms reporters can overuse this fall: “zoned zone,” “flatland,” and “the hissing sound.”


-Michael Calderone

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