... also sometimes a bubble is just a brutal unnecessary wealth transfer between generations everyone was crying how unsustainable these real estate prices are

... also sometimes a bubble is just a brutal unnecessary wealth transfer between generations everyone was crying how unsustainable these real estate prices are ... and then they kept going up still. because supply fucking stagnates, yet demand in cities rises with the force of an angry god (cross-financed by the whole economy, of course) https://www.fullstackeconomics.com/p/the-2000s-housing-bubble-was-greatly-exaggerated https://www.fullstackeconomics.com/p/the-2000s-housing-bubbl...