A Look At A Previous Housing Bubble
One blogger put together a chronicle of a previous housing bubble from New York Times articles. One item:
"June 23, 1986, Monday By THOMAS J. LUECK, SPECIAL TO THE NEW YORK TIMES (NYT); Financial Desk Late City Final Edition, Section D, Page 1, Column 3."
"The largest builder of condominiums in the New York suburbs, Kevork Hovnanian, says his biggest sales problem is crowd control. 'We want to maintain public safety,' he said the other day. Again and again, the Hovnanian condominiums have sold out within hours of being offered for sale."
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