Jun 20

Hindsight being what it is, then, why should it have surprised anyone that the housing market — and its rapidly inflating bubble — ultimately faltered? Given that prices so rapidly outpaced income, shouldn’t it have been obvious the center wouldn’t hold?

Apparently not.

“Everybody got caught up in the excitement,” said Paul Semanek, president of the Greater Capital Association of Realtors, a trade group.

via Times Union.

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