The Creation & Demise of the Housing Bubble
Saturday, January 26, 2008
The most recent issue of Harpers magazine has a cover article by Eric Janszen titled The next bubble: Priming the markets for tomorrow’s big crash. He discusses how banks helped create the housing bubble and how subprime loans were only a symptom of the problem: hyperinflation of real estate. He also hypothesized that the markets may still have a few years of correction in them before housing prices are where they belong. The article also predicts alternative energy to be at the center of the next bubble.