Friday, Jul 17, 2009
Housing Market Bubbles Analysis
The Market Oracle: The Seven Immutable Laws of Bubbles: Example, Housing Markets in USA, UK &
The cycle of bubble and bust in housing is drawing to a close. For many the ferocity of the bust and the collateral damage that followed was a shock, but bubbles and busts are not new; chances are there will be more.
I got interested in bubbles in early 2008 trying to figure out why my model of real estate prices that had worked perfectly for ten years was saying that prices in Dubai which is where I was at the time, "should" have been 30% less than where they were.
Posted by nadeem walayat @ 10:11 PM (331 views) Add Comment
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