Who knew what and when?

[RandomGuy]

Has the housing bubble sprung a leak? from 2005.

The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole

"And yet 'builders just keep building,' said David Houston. 'The risk is not so much the prices of the homes themselves, it's the loans being made on the homes. The danger I see here is that people are buying so much more home than they can afford.'"

If that is the case, it is strictly a function of the easy money. "Jim Pearson of Pearson Appraisal Co., 'This is where you're seeing a lot of the problems, where irresponsible or downright fraudulent lenders are trying to find unethical appraisers to work with them.'"

Housing Bubble

Editor's Note:
We updated this article on March 2, 2006, in light of the continuing debate over the housing bubble. Read what Investment U Chairman Dr. Mark Skousen has to say about it in: 2006 Housing Market Bubble: Today's Selloff In Real Estate… and How Many Years Before the Next Bull Market.

The red-hot housing market may be cooling down… but Dr. Skousen thinks it's still a good long-term investment.


The Investment U E-Letter: Issue # 442
Monday, June 6, 2005

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It goes on.

Most of the stuff started to show up in news about mid-2005.

Some scholarly bits go back to about 2004, but I couldnt get into some of the links.

This jibes with what I remember, having seen the first glimmers in more esoteric business and economics journals, then picked up by the mainstream press about 6 months to a year later.

The oldest article I could find was dated from a real estate journal in 2002.

The general consensus was that prices were going up too fast, and as the above bit indicates, there was some concern about lending practices.

This whole thing was entirely forseeable.

[RandomGuy]

I would hate to be this idiot:

Don't Buy Housing Bubble Propaganda

By Barry Ritholtz
RealMoney.com Contributor
5/26/2005 2:04 PM EDT

[RandomGuy]

Economist's Corner: The housing bubble revisited 2007

Why the housing market is not a bubble
A financial bubble has a few distinctive characteristics to it. First and foremost a bubble is a monetary phenomenon. Bubbles are created in large part by central bank mistakes
By Carl Steidtmann, chief economist and director, Consumer Business, Deloitte Research
http://www.deloitte.com/dtt/article/...152742,00.html