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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (4557)8/20/2002 9:52:41 PM
From: bozwoodRead Replies (1) of 306849
 
Almost every bubble could be termed a "credit bubble" by your definition. For example, the tulipmania or the tulip bubble of the 1630s used futures, referred to as windhandel, and most transactions were expedited with personal credit notes. People do not refer to that bubble as the great credit mania, even though credit exacerbated it. Real estate is just the particular asset class that the potential bubble is being created in. I know how much you hate it, but, if this is indeed a bubble, it will be referred to and remembered as a real estate bubble.
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