I remain amazed that in 2015 the universal ignorance on
how house price bubbles form and why they form is something only 75 year old retired REALTORS seem to understand.
Not exact matches
To illustrate this, just take a look at
how our economy has changed since financial institutions inflated asset
prices in the
housing market until the
bubble burst in 2007.
If you thought home
prices were high when the
housing market
bubble burst in 2007, take a look at
how they've grown since the market recovered.
If people had known during the
housing bubble how little in the way of real
housing they were getting for their dollar, they would have refused to pay the
prices being asked and that refusal would have brought
prices back down to reasonable levels.
Sure The Economist Magazine really understands the impact rent controls have when attempting to use rent to sales
prices to measure a
housing bubble or
how smart investors in Canada buy Phase One homes in a subdivision and use Fourth Phase
price increases to buy their next.