Wonking Out: Are We in Another Housing Bubble?
New York Times, Jan. 28, 2022–Paul Krugman
New York Times, Jan. 28, 2022–Paul Krugman Do you remember the housing bubble? OK, if you’re 35 or younger, probably not–you were a teenager at the most when the bubble burst. But it was a huge deal at the time, and a very strange one. When the bubble was inflating in the early 2000s, it seemed to be the most obvious case of mispricing we’d ever seen. At least the dot-com bubble of the late 1990s had the excuse that businesses were developing exciting new tech.