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Govts should lay off property markets: don

Much better for authorities to regulate banks instead of trying to control real estate prices
Saturday, November 14, 2015 - 05:50

'It takes the market a long time to figure out what the right price is. I don't think the government has any insight.' - Joseph Gyourko, real estate professor, The Wharton School of the University of Pennsylvania


IF he had his way, Joseph Gyourko would prefer to see governments regulating banks instead of directly intervening in real estate markets.

The real estate professor at The Wharton School of the University of Pennsylvania acknowledges that private real estate markets don't

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