South Florida Sun-Sentinel - "Real Estate Bubble"

"'The boom is over, but don't expect big drops in real estate prices, Realtors say': David Lereah and the rest of his buddies at the National Association of Realtors must think our minds have popped along with their precious real estate bubble. "

"The world has seen speculative frenzies come and go, and history tells us that when a bubble pops, it results in dire economic circumstances. If you don't believe me, just ask anyone who was around in Japan when their housing bubble burst in the early 1990s. Back then, prime Tokyo real estate was going for around $139,000 a square foot! When their bubble burst, what followed was a crash in their stock market and economic stagnation for over a decade. Just because we have sunshine and beautiful beaches doesn't mean it can't happen here."

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