Is this time actually different?
Tuesday, February 13th, 2007It’s not often that I forward articles of interest, particularly those that are dated. However, I found these two research papers of particular interest.
While much of my research showcases the risk of many coastal markets, it also shows that many of other areas have not experienced the coastal boom. As I have written before it appears that certain areas are just prone to bubbles (i.e. California), while others have experienced a bubble during times of tremendous economic boom (i.e. the oil boom of the late ’70s and early ’80s).
No matter your personal view, both articles are relevant to the debate of future home prices. The articles have made me question: “Is this time actually different?” Or are we (the bubble busters) using the same false-logic that Realtors tried to use on us?