Tag Archives: houses

“Housing Bubble 2.0” – Same As “Housing Bubble 1.0”; Just Different Actors

The first real percolation in the housing industry in the USA, post first bubble, was in Washington DC and New York City. Why? Because that is where the Federal Reserve spigots are. Newly printed money flowed through the system to government contractors and bankers first. Manhattan and DC real estate barely saw the recession, the crony capitalists did quite well over the last 5 years.

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