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COMMENTARY

How tales of 'flippers' led to a housing bubble and economic flop

Lessons from last crash and beyond still relevant today, along with risk of more extremes.

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There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the Great Recession and financial crisis of 2007-2009. We need to understand it all if we are going to be able to avoid ordeals like that in the future.

THERE is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the Great Recession and financial crisis of 2007-2009. We need to understand it all if we are going to be able to avoid ordeals like that in the

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