Realty Bites

Regardless of how high or low you think home prices are going, one thing is certain: prices will reverse direction. Wouldn’t it be nice if you could predict the top and bottom? Here’s a foolproof method. I call it “The Home Price Hype Cycle.” My thesis is that you can tell exactly where prices are headed by reading the headlines in The New York Times. (Oh, all right — substitute your favorite newspaper.) Don’t confuse this method with the hype cycle concept developed by Gartner Group, a great piece of work if you want to understand the marketing of innovation.

This one is purely for fun, but wait till you see how accurate it is. Can you guess where we are in the cycle?

Don’t thank me. Just send money.