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Why do people deny the existence of housing bubbles?
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2005 Jul 16, 10:29am 12,386 views 83 comments
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Dan8267
2012 Jun 20, 4:00am
Dan8267
2012 Jun 20, 4:00am
It's not that they don't believe the bubble is real. It's that they think they can convince a fool that it isn't and get the fool to pay much more for their house than its worth. When money is on the line, the truth goes out the window.
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Some people deny that housing bubbles exist. Some even suggest that the recent appreciation is sustainable.
Are the consequences too scary to fathom? Are they just blinded by greed and fear? Do they even have the right information?
#housing