Sep 28 2006
Housing Bubble Bonanza
Mike Shedlock has a great post today with a few excellent graphics worth noting.
The first is a chart where he plots the U.S. housing bubble as an overlay to the Housing Bubble in Japan during the 1980s with a few comments.
The second is a clipped advertisement from a newspaper down in Florida.
Mike’s comments about the reality of the bubble are worth reading right now, especially those where he points out the hypocrisy in the self-serving spin coming from the real estate sector in order to keep sales going no matter what the future holds.
