Enter the complicated world of real estates


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The Real Estate Bubble

About 15 years ago, in the US, we had a realterms were bantered around. Houses were
estate bubble burst. First, or among thebeing  sold  at
causes, the federal reserve board and Alan
Greenspan [neither have any sense accordingDecent prices and interest rates were not
to my values] both said that interest ratestoo bad.WHEN Mr. G said she he said, the next
had to climb because the economy was TOOday, the NYSE dropped about 150 points.
HOT!I was a faculty member in a businessPeople who cared about what he said, got
college and I asked my associates bothscared and started philosophically jumping
locally  andout
Nationwide--what is Greenspan and the fedOf tall building windows.Chicken Little was
talking about? What is too hot? NOT onerunning the FED; oh my God, if business picks
expect for an economist, had a clue.up  another  5%,  we  are
Businesses were doing fairly good,
unemployment was fair, and other ambiguousAll doomed.



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