The Seeds of the Housing Market Bubble
The graphic above provides a quick overview of the magnitude of the tech bubble in the late nineties. And the following – a very similar graphic for the housing market.
The housing crisis is obviously dominating the news right now and is likely to continue to do so for the forseeable future. To get a quick background on how (and why) this happened, I suggest the following resources.
The begining of the end of Fannie Mae – A Consultant at Fannie Mae
How we go from one bubble to another – HarpersPublished on July 12, 2008