"...the truth is that speculation in real estate and vacation towns have both been a thing for a very long time." Eh, in the US, it was limited by the Glass-St

"...the truth is that speculation in real estate and vacation towns have both been a thing for a very long time." Eh, in the US, it was limited by the Glass-Steagal protections enacted after the speculators ruined the world economy almost 100 years ago. We can thank the 'Modernisation Acts' of 1999/2000 and QE for the economic rollercoaster in the US(so goes the world?) for the last 20 years in housing, energy & metals. https://en.wikipedia.org/wiki/Glass_Steagal https://en.wikipedia.org/wiki/Glass_Steagal https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bl... https://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 https://en.wikipedia.org/wiki/Commodity_Futures_Modernizatio...