, Columnist
On Second Thought, Maybe Housing Was in a Bubble After All
Prices kept rising as interest rates rose, something we haven’t seen since before the last housing crisis.
This was on the market for five minutes.
Photographer: Artur Widak/NurPhoto via Getty Images
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Bubble identification isn’t easy, requiring careful analysis of both data and vibes. You must also beware of personal biases; Bitcoin at $70,000 was clearly a bubble to most of us, but blockchain hypebeasts had incentive to insist that no, it was the children who were wrong.