The never-ending circle of boom and bust

The never-ending circle of boom and bust
Karl Deeter

Past mistakes can be avoided by making decisions some people won't like

Housing, like any asset, has a cycle which we often choose to ignore at our peril. The most unfortunate aspect of this is that one cycle ensures the next. Busts lead to booms which lead to busts, in much the same way as spring follows winter, and summer follows spring.

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