[单项选择]In 1929 John D. Rockefeller decided it was time to sell shares when even a shoeshine boy offered him a share tip. During the past week The Economist’s economics editor has been advised by a taxi driver, a plumber and a hairdresser that "you can’t go wrong" investing in housing—the more you own the better. Is this a sign that it is time to get out. At the very least, as house prices around the world climb to everloftier heights, and more and more people jump on to the buy-to-let ladder, it is time to expose some of the fallacies regularly trotted out by so many self-appointed housing experts.
One common error is that house prices must continue to rise because of a limited supply of land. For instance, it is argued that "house prices will always rise in London because lots of people want to live here". But this confuses the level of prices with their rate of change. Home prices are bound to be higher in big cities because of land scarcity, but this does not guarantee that urban hous
A. It is time to illustrate some popular fallacies about buying a home.
B. Some popular flawed arguments about buying a home should be made known to the public for the time being.
C. People should be punctual in business dealings of shares and housing.
D. Alan Greenspan’s claim can hold water with respect to fallacy member three.