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Housing Bubble Week Epilogue: Not All Bubbles Are Created Equal - Vernon Smith
The Joe Walker Podcast
The Complexity of the Housing Market
Housing is a complex system. It's very difficult to say where it will be in a long term sense. And we saw in the depression you see the spillovers into the labor market. That's very unusual because when GDP falls, usually non durable consumer goods and services hold up quite well. They actually fell, that fell declined in the Great Depression.
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