> At other times new money has gone into consumer > assets or the stock market or > perhaps just particulary types of stocks; why did it > all go into real estate > this time?
After a downturn, at first there is a reduction of vacancies of real estate rentals, and the unsold inventory of real estate gets sold. When the vacancy rate goes back to normal, prices increase, and then speculators jump in. So money always goes into real estate during a cycle upswing. Of course it also goes into other assets, but the impact of real estate is greater. Fred Foldvary
