Stein v. Paradigm Mirasol, LLC
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
CARNES, Circuit Judge:
In a market-based economy the price of housing, like other goods, is subject to swings. There was a sharp upward swing in housing prices between late 2000 and the end of 2005, and the resulting bubble was bigger in Florida than it was in most other states. Home prices there rose eighty-two percent in absolute terms during that short period, outstripping the national increase by thirty-one percent. See Gabriel Montes Rojas et al., The Florida Housing Boom, 3 Fla. Focus 1, 2 (2007). All bubbles eventually burst, as this one did. The bigger the bubble, the bigger the pop.…
2Cases cited28 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- Perrin v. United StatesSupreme Court of the United States · 1979
- Crawford v. Metropolitan Government of Nashville and Davidson Cty.Supreme Court of the United States · 2009
- Reno v. KoraySupreme Court of the United States · 1995
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