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peter12 · 04-26-2017, 11:55 AM

Speculation is a big driver behind the bubble. Lots of research shows that even if demand drives prices, once it detaches significantly from a local economy, it is mainly irrational, and can actually cause the bubble to grow larger.

04-26-2017, 11:55 AM	#10
peter12 Self Imposed Retirement Join Date: Jul 2002 Exp:	Speculation is a big driver behind the bubble. Lots of research shows that even if demand drives prices, once it detaches significantly from a local economy, it is mainly irrational, and can actually cause the bubble to grow larger.