Sometimes people are dolts. That’s certainly true of home buyers and lenders. Only a few years after the economy and real estate market tanked housing prices are rising again – rising with irrational exuberance to borrow a phrase from former Fed Chairman, Alan Greenspan.
As a young college lad, I worked several jobs – newspaper production manager, stringer for ABC sports, and writer for my college paper. As the paper’s Assistant Arts Editor (in a department of 2) I wrote a weekly music column named His Master’s Voice. Think RCA logo with a cute little dog named Nipper. It was a clever name lost on 18 year olds; 30 years after the dogs died and just as RCA began its long march into oblivion. I take solace in not having coined the name myself (my apologies Greg, it just wasn’t how I rolled back in the day).