TheREIMaverick (November 30, 1999 at 12:00 am)

I just had to comment, great job on what you are doing! I like your video! to your success!

brentintoronto (November 30, 1999 at 12:00 am)

this video is old, from Nov 2006, before the bubble burst...the date of the lecture is at the beginning of the video.

brentintoronto (November 30, 1999 at 12:00 am)

this video is from Nov 2006, before the bubble burst.

brentintoronto (November 30, 1999 at 12:00 am)

he gave this talk in Nov 2006 -- before the bubble burst!

bajawind (November 30, 1999 at 12:00 am)

never blame other for your stupidity. it's all about you--on the way up (i am smart) and down (I am stupid)....it's all made up.

papatoony (November 30, 1999 at 12:00 am)

DEATH TO GREENSPAN!

BubbFromGEI (November 30, 1999 at 12:00 am)

"People don't think..." So very true. At the peak, people are so SURE that prices will go up, they stop thinking, and stop analysing. They feel comfortable buying, because they can see that the crowd is buying, and the crowd must know what it is doing, Right? Wrong. The crowd is a mindless beast, bent on excess.

dieonyourfeetDEC16 (November 30, 1999 at 12:00 am)

the bubble didn't burst because people suddenly realized paying so much for a house was insane.ARMS reset,people with bad credit shaky income could not make payments FORECLOSED,at this point the party was OVER, banks lost liquidity and had to tightened credit,the artificial housing demand created by Easycredit dissapeared so prices had to fall.If no one foreclosed the bank would've kept lending and people borrowing,offcourse that is not feasible when you're lending to anything that moves.

FARTYPANTS30 (November 30, 1999 at 12:00 am)

"Bubble are irrational markets. Asking a forecaster to tell you when a bubble is going to end is like asking a pshycologist what a crazy person is going to say next..."X-D ROFL!!!

noraklagrangian (November 30, 1999 at 12:00 am)

He's talking mainly about real estate economic theory and using California house prices as an example.