At its peak in 2006 the housing bubble in the United States created more than $8 trillion of bubble generated equity, making it the largest asset bubble in the history of the world. This one was easy to see to anyone who paid attention to fundamentals in the markets like long-term price trends, rents, and vacancy rates. The failure to see the bubble should raise questions about someone's competence as an expert on the housing market.
For this reason it is distressing to see the Washington Pos...
Published on November 27, 2013 05:05