The last boom was based on our unrealistic expectations and desires that property prices would continue to rise and the banks kept doling out the cash! Then the market collapsed and we were left with a financial debacle that will take decades to clean up especially as the bankers are still raking in the bonuses!
Was this boom an example of financial Mayaa / illusion?
So just because it looks, hears, smells, tastes and feels ‘real’ it may not be!
Caveat Emptor...Let the buyer beware!