Analysis of information sources in references of the Wikipedia article "حباب مسکن ایالات متحده در دهه ۲۰۰۰" in Persian language version.
[President Bush was asked about the housing boom's impact on the ability of the questioner's children to purchase a home. The President answered:] ' … If houses get too expensive, people will stop buying them, which will cause people to adjust their spending habits … Let the market function properly. I guarantee that your kind of question has been asked throughout the history of homebuilding – you know, prices for my homes are getting bid up so high that I'm afraid I'm not going to have any consumers – or my kid – and yet, things cycle. That's just the way it works. Economies should cycle.'
![]() |
The home-price bubble feels like the stock-market mania in the fall of 1999, just before the stock bubble burst in early 2000, with all the hype, herd investing and absolute confidence in the inevitability of continuing price appreciation. My blood ran slightly cold at a cocktail party the other night when a recent Yale Medical School graduate told me that she was buying a condo to live in Boston during her year-long internship, so that she could flip it for a profit next year. Tulipmania reigns.Plot of inflation-adjusted home price appreciation in several U.S. cities, 1990–2005:
![]() |
Once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed. Where else could plungers apply their newly acquired trading talents? The materialistic display of the big house also has become a salve to bruised egos of disappointed stock investors. These days, the only thing that comes close to real estate as a national obsession is poker.
America was awash in a stark, raving frenzy that looked every bit as crazy as dot-com stocks.
"Dead Zones" | "Danger Zones" | "Safe Havens" |
---|---|---|
Boston | Chicago | Cleveland |
Las Vegas | Los Angeles | Columbus |
Miami | New York | Dallas |
Washington D.C. / Northern Virginia | San Francisco / Oakland | Houston |
Phoenix | Seattle | Kansas City |
Sacramento | Omaha | |
San Diego | Pittsburgh |
No question about it, the housing downturn is here now, and it's big.
The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops.
This is the biggest housing slump in the last four or five decades: every housing indicator is in free fall, including now housing prices.
The headline hints of catastrophe: a dot-com repeat, a bubble bursting, an economic apocalypse. Cassandra, though, can stop wailing: the expected price corrections mark a slowing in the rate of increase—not a precipitous decline. This will not spark a chain reaction that will devastate homeowners, builders and communities. Contradicting another gloomy seer, Chicken Little, the sky is not falling.
A lot of spin is being furiously spinned [کذا] around–often from folks close to real estate interests–to minimize the importance of this housing bust, it is worth to point out a number of flawed arguments and misperception that are being peddled around. You will hear many of these arguments over and over again in the financial pages of the media, in sell-side research reports and in innumerous [کذا] TV programs. So, be prepared to understand this misinformation, myths and spins.
[T]he American housing boom is now the mother of all bubbles—in sheer volume, if not in degrees of speculative madness.
![]() |
This soft-landing scenario is a fantasy … Anything housing-related is going to feel like a recession, almost like a depression.
[T]he American housing boom is now the mother of all bubbles—in sheer volume, if not in degrees of speculative madness.
No question about it, the housing downturn is here now, and it's big.
A lot of spin is being furiously spinned [کذا] around–often from folks close to real estate interests–to minimize the importance of this housing bust, it is worth to point out a number of flawed arguments and misperception that are being peddled around. You will hear many of these arguments over and over again in the financial pages of the media, in sell-side research reports and in innumerous [کذا] TV programs. So, be prepared to understand this misinformation, myths and spins.
The headline hints of catastrophe: a dot-com repeat, a bubble bursting, an economic apocalypse. Cassandra, though, can stop wailing: the expected price corrections mark a slowing in the rate of increase—not a precipitous decline. This will not spark a chain reaction that will devastate homeowners, builders and communities. Contradicting another gloomy seer, Chicken Little, the sky is not falling.