December 24, 2007
Did the National Associaton of Realtors cause the housing bubble?
Did the National Association of Realtors cause the housing bubble by engineering a “belief system” based on economic fallacies? The Irvine Housing Blog makes the case that NAR had an almost religious like belief system that help fuel public delusions about the economics of real estate. It provides on overview of the psychology of bubbles and is worth a read.
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