- There are few things scarier than a “housing bubble”. But what actually is it? And how would we know if we were in one? Susan Edmunds reports as part of Stuff‘s ‘Blowing Bubbles’ series.
WHAT IS A BUBBLE?
There is no one definition of what makes a housing “bubble”. Usually, it is only in hindsight that one becomes clear.
A bubble can happen around any asset – one of the most infamous price bubbles in history involved tulip bulbs in the 17th century.
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