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Just because something is a long-lasting bubble doesn't meant it's not a bubble. The housing bubble lasted what, the better part of two decades?


I would say for most areas it was less than half a decade. I can't think of many sections of an economy that can see greater than 20% year over year growth for more than 5 years without repercussions... Without corresponding growth in other areas to compensate, it's just not sustainable.




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