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Yes, but he also said in 2004 and 2005 that this was a housing bubble.
For years, people in Israel have been talking about a housing bubble.
"There has never been a national housing bubble," he said.
Now the question is what can replace the housing bubble.
The evidence in support of a housing bubble is compelling.
Most small business growth during the past decade followed the housing bubble.
That would have also helped to slow down the housing bubble.
In other words: he thinks that there is a housing bubble.
Of course, some people still deny that there's a housing bubble.
He predicted exactly what would with the housing bubble way back in 2002 and has been right on the economy when everyone else was wrong.
And the housing bubble will eventually burst whatever we do.
You just need to look at what the bursting of the housing bubble did to the economy.
But this may not be a bad thing, given all the trouble the housing bubble caused.
Now, it seems, he's playing a similar game with regard to the housing bubble.
It's hard to believe that such an increase would have occurred if there had been no housing bubble.
In 2005, you didn't think there was a housing bubble?
If China stays strong, the housing bubble may get bigger.
Five years after the bursting of the housing bubble, the country is still living through tough times.
This created a housing bubble, which made the price of houses rise more.
The bursting of the housing bubble was just such a shock.
These quotes were made after the housing bubble had popped.
That alone makes the end of the housing bubble a good excuse to break out the Champagne.
Thus he stood by passively during the housing bubble of the past few years.
Secondly, it is a bad thing when housing bubbles burst.
Also, real estate prices continue to increase so fast that what some see the situation as a housing bubble.