Same way as the last time: rampant over-promising and under-delivering, maybe catalyzed by some high profile mishaps. Bubbles popping aren’t always evaluations

Same way as the last time: rampant over-promising and under-delivering, maybe catalyzed by some high profile mishaps. Bubbles popping aren’t always evaluations of the objective quality of something; it could just be about its assumed value relative to other plausible options. Homes mostly don’t become uninhabitable when a real estate bubble pops.