"my recollection is that less than two years ago, nobody in the mainstream was acknowledging that a housing bubble even existed."
My recollection is different, because I was reading Business Week more than three years ago. The housing bubble has looked like a bubble for a long time to people who considered how much faster house prices increased than wages.
My recollection is different, because I was reading Business Week more than three years ago. The housing bubble has looked like a bubble for a long time to people who considered how much faster house prices increased than wages.
Michael Lewis's collection of articles, Panic,
http://www.amazon.com/Panic-Story-Modern-Financial-Insanity/...
includes articles that foresaw the housing crash more than two years ago.