Robert Samuelson Warns of Another Housing Bust

That sounds pretty scary since the last time we had one it cost us almost 9 million jobs, wiped out the wealth of a large portion of the middle class, and led to a recession from which we still have not recovered almost seven years later. Thankfully Samuelson doesn't have much of a case. 

First off, the last bust was so severe because we had a serious housing bubble that was driving the economy. House prices were more than 70 percent above their trend level creating more than $8 trillio...