BOOMERBUSTER

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Sunday, March 20, 2011

RE THE REAL ESTATE BUBBLE LONG AGO

I recall sitting in a car, with my brother in law, in north Atlanta, and we were stopped at a stop sign, and I said, to pass the time on the way to the store, as it had been on my mind for some time then, 'wonder when this real estate bubble is going to burst'.  That was back in 2003-2004-2005, I can't recall when. 


He looked at me like I must be, at the very least, very mistaken, or perhaps, deluded. Said something like there's not a real estate bubble, or some such thing. (He can correct me, if I am wrong, and I won't publish that correction.)


Our respective homes had appreciated, I don't know 50-60% by then, on the way to, say,  100% by, say, 2007-2008.


Terms search: Thurston, Michael Lewis, Wall Street, etc

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