Why do people deny the existence of housing bubbles?

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2005 Jul 16, 10:29am 12,824 views 83 comments

Some people deny that housing bubbles exist. Some even suggest that the recent appreciation is sustainable.

Are the consequences too scary to fathom? Are they just blinded by greed and fear? Do they even have the right information?

Peter P @ 2005 Jul 16, 10:32am

This thread is not targeted towards Jack, Fake P, or Face Reality. Their arguments are very reasonable and I always keep them in mind for balance.

patrick.net