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Rational Minds Part 1: A Nation Of Gamblers - Ed Glaeser
The Joe Walker Podcast
Speculators in Real Estate Bubbles
There's a long tradition of literature which portrays speculators during bubbles as like frothing at the mouth, bugguard, mad and exuberant. And we also see this in the context of Real Estate Bubbles as well. We've got Homer Hoyt's 100 Years of Land Values in Chicago. Michael Cannon's book, The Land Boom is kind of salaciously covers some of those events. But here, for example, we have a cartoon of auctioneers offering free champagne at lunches to provoke buyers into a reckless mood.
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