Shiller: The Housing Market Still Isn’t Rational

The Housing Market Still Isn’t Rational

The housing market is another matter. It is far less rational than even the often irrational stock market, for a couple of important reasons. First, most investors find it difficult to understand how housing supply responds to changes in demand. Only a small minority of people think carefully about such things. Second, it is very hard for the minority of smart-money investors who do understand such matters to bet against bubble-level prices in real estate markets. In housing, the smart money has relatively little voice.

Los Angeles Is Building an e-Highway

Los Angeles Is Building an e-Highway

The e-highway consists of an overhead catenary system that will run along the outside lanes of both sides of the road, sort of like the overhead wires that provide power to electric buses, trolleys, and trains in cities. Specially outfitted hybrid or all-electric trucks can attach to the system using automated current-transfer devices called pantographs. Once connected, the trucks will pull all their power from the overhead lines, effectively becoming emission-free vehicles.

I’ve always wondered why no one was doing this, it seems like such a no-brainer! How hard would it be to make a Model S connect to it?