Visualizing the housing bubble

Courtesy AustinContrarian  Fri, 12/19/2008 - 10:55am

Here's a great flowchart from Mint.com (via neoHOUSTON) explaining the housing bubble.

 I think it portrays the psychology of the housing bubble pretty accurately:  

Visualguidecrisis2

I'd add a "Rapidly rising home prices" box to the first chart and an arrow pointing to "Mania for homeownership."


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