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It's fascinating, I remember during the runnup to the housing collapse where folks kept bidding up the housing like it could go up forever. Maybe folks think t
by state_less 8y ago
It's fascinating, I remember during the runnup to the housing collapse where folks kept bidding up the housing like it could go up forever.
Maybe folks think they'll be able to get out before the collapse, or some new tech will save them from being underwater?
- agumonkey 8y agohow do they say in the trading world ? don't be the last basket ?
- orclev 8y agoYou also can't discount the (depressingly) massive number of people who believe that climate change is a hoax/conspiracy by… someone (used to be China was the favorite boogeyman, but not sure who they're blaming now)… to do something or other that would in some fashion hurt the USA. It may very well be that people are buying out there under the assumption that nothing is going to change at all and that all the flooding is either just a fluke, or else won't ever get any worse than it currently is.