'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
PHOTO: YEN MENG JIIN
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...