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Great minds of history:The Housing bubble does not exist

submitted by marinara

1 decade 7 years 6 months 3 weeks ago

Dark and Ironic quotes from our Elite captains of industry and Government. **Detect DARK SARCASM

3 Comments

yaroslavvb says...

The reason there's controversy over whether California is experiencing a housing bubble is because interest rates have been low and rents have been growing fast. Both of these factors cause an increase in house prices. In order for price rise to be qualified a "bubble", you need prices going up faster than what can be explained through market fundamentals