Doug Henwood Talks

On Aug 20, 2007, at 10:39 PM, Robert Wrubel wrote:

Super article, Doug! One question: you attribute the housing bubble to a “mania” for home ownership. That would be the “demand” factor. Wasn’t there also a “supply” factor, in an excess of money that needed to find new outlets for investment?

Thanks.

There is - or was - an excess of capital lusting for returns. But
that’s true a lot of the time - so why did housing take off in 1995
(or 2002)? Spillover from stocks, or refuge from stocks, maybe.

Doug

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