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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (37451)8/10/2005 6:09:56 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
it wasn't hard for a housing bear to call this a bubble way too early. remember the housing crash book of 2003, it was written based on 2002 data. and it was a valid bubble then, based on historical comparisons. the thing nobody expected this time was how far credit standards would devolve. also, i'm not sure any analysts seriously expected so many people would be willing to imperil their financial futures by borrowing so much.