Housing and Commercial Real Estate: It Wasn't a Bubble, It Was a Double Bubble

by Benjamin Domenech on 8:38 am September 16, 2009

Pollock: “the first decade of the 21st century brought us a double bubble—one in housing, and one in commercial real estate. They both involved property prices increasing by an obviously unsustainable 90 percent over 6-7 years; both involved notable expansion of real estate risk on the balance sheets of the highly regulated commercial banks.”

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