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A comment on Home Values Are Rising by $800 a Day in San Jose. Parent comment

Re:Home Values Are Rising by $800 a Day in San Jose by tehlike on Tuesday April 10, 2018 @02:13AM (#16799404)
When did they notice, and why did the housing prices go up and away years leading to 2008?
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Re:Home Values Are Rising by $800 a Day in San Jose by jandrese on Tuesday April 10, 2018 @11:47AM (#16802241)
Basically, everybody wanted to ride the gravy train and nobody wanted to be the killjoy that pulled the brakes before it flew off of the cliff. There was a lot of money to be made and nobody thought they would be the ones left holding the bag.

The movie The Big Short explained this pretty well.

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Re:Home Values Are Rising by $800 a Day in San Jose by talmand on Tuesday April 10, 2018 @11:55AM (#16802295)
I suggest reading the book as well.
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Re:Home Values Are Rising by $800 a Day in San Jose by AceJohnny2 on Tuesday April 10, 2018 @03:21AM (#16799657)
It's a long timeline, but I'd say things started getting specific late 2006:

https://en.wikipedia.org/wiki/Subprime_crisis_impact_timelin...

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Re:Home Values Are Rising by $800 a Day in San Jose by newfoundglory on Tuesday April 10, 2018 @10:31AM (#16801623)
In December 2007 in Australia I saw a presentation on the coming collapse of the US subprime housing market - in a lunchtime seminar given by a (tech) colleague for interests sake.
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