Jim, can you do a Kuznets plot on this, going back in fifteen year intervals quite a bit further? Thanks, Patrick
Jim Devine wrote:
Of Bubbles Past: A Chronological Listing of News Headlines from the Last Housing Bubble in Southern California [author unknown] There's been some confusion about just what went on during the last housing bust in Southern California. I was there then; I lived through it, I owned property, and I can tell you it was no fun at all. Then, like here, like now, people were saying things like "housing has never gone down here before (so it won't ever go down)", "housing always goes up", "houses aren't like stocks", "we're special", etc., etc., etc. Below you will find a chronological listing of selected Los Angeles Times articles originally published between the years of 1985 and 1997 (inclusive) culled from their archives. The similarity among headlines from then and now is quite informative. Of course, the housing bubble of today is far, far more extreme than it was then.
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