Analysis of information sources in references of the Wikipedia article "Bulle immobilière américaine des années 2000" in French language version.
Plot of inflation-adjusted home price appreciation in several U.S. cities, 1990–2005:« 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. Tulipomania reigns. »
« 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. »
« Zone de la mort » | « Zone de danger » | « Zone de refuge » |
---|---|---|
Boston | Chicago | Cleveland |
Las Vegas | Los Angeles | Columbus |
Miami | New York | Dallas |
Washington / Northern Virginia | San Francisco / Oakland | Houston |
Phoenix | Seattle | Kansas City |
Sacramento | Omaha | |
San Diego | Pittsburgh |
« There has never been a run up in home prices like this. »
« Once a price history develops, and people hear that their neighbor made a lot of money on something, that impulse takes over, and we're seeing that in commodities and housing... Orgies tend to be wildest toward the end. It's like being Cinderella at the ball. You know that at midnight everything's going to turn back to pumpkins and mice. But you look around and say, 'one more dance,' and so does everyone else. The party does get to be more fun—and besides, there are no clocks on the wall. And then suddenly the clock strikes 12, and everything turns back to pumpkins and mice. »
« 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. »
« [T]he overall market value of housing has lost touch with economic reality. And there's a nasty correction ahead. »
« A lot of spin is being furiously spinned 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 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. »
« Alan Greenspan, the United States's central banker, warned American homebuyers that they risk a crash if they continue to drive property prices higher... On traditional tests, about a third of U.S. local homes markets are now markedly overpriced. »
« This soft-landing scenario is a fantasy… Anything housing-related is going to feel like a recession, almost like a depression. »
« A significant decline in prices is coming. A huge buildup of inventories is taking place, and then we're going to see a major [retrenchment] in hot markets in California, Arizona, Florida and up the East Coast. These markets could fall 50% from their peaks. »