to be much more expensive and people are already struggling to afford the price of homes as they are right now this is why cnn just stored a piece talking about our housing market right now comparing it to the housing bubble back before NUMBER_TOKEN saying that we have some similarities between now and NUMBER_TOKEN but before i analyze that article i need you to do me a quick favor and smash the thumbs up button below and if you haven't already be sure to join our free discord server called the guac talk community we call it guac talk because as we all know extra guac is truly a symbol of extra wealth and in this community you can chat about all things minority mindset you can chat about the stock market the real estate market the cryptocurrency market and all things building wealth this community is completely free so if you want to chat with and network with other minority mindset thinkers i'll put the link to where you can do that in the description below cnn put out this article comparing the housing market that we have right now to the housing market before the NUMBER_TOKEN crash and the similarity that they say that we have is nobody thought that we were in a real estate bubble before the NUMBER_TOKEN crash and they say that nobody thinks we're in a bubble in the housing market right now either which has them worried the article says most economists and investors aren't focused on the housing market right now their attention is on other factors like the labor shortage and decades high inflation and supply chain disruptions and of course the ongoing pandemic and that's why this article says that people are ignoring this potential housing bubble that we have brewing these next two lines are very interesting it says that the good news is that very few economists believe that this current run-up and housing prices is a bubble that's about to burst so that's good news people don't think they were in a bubble the bad news is that practically nobody was worried about the housing bubble in NUMBER_TOKEN either now what i want to do is really go over what this article is talking about before i go into my opinions because obviously i have some of my own opinions but i want to focus on what this article is saying that way we can understand that side and then i'm going to go into my thoughts on it so the article starts by talking about what happened last time and what it says is that back in NUMBER_TOKEN the then chairman of the federal reserve bank alan greenspan came out and said quote that there is no housing bubble instead he said that america has some bubbles in some housing markets but there's no widespread housing bubble in the united states they actually gave a direct quote from alan greenspan and here's what he said quote although a bubble in home prices for the nation as a whole does not appear likely there does appear to be at a minimum signs of froth in some local markets where home prices seem to have risen to unsustainable levels in other words alan greenspan said that yeah we might have some issues on the housing market but it's really not that big of a deal and it's not gonna affect the entire housing market and you don't even have to think about this housing bubble potentially affecting the entire financial system we all know how that turned out a big reason why people do not believe that we were in a housing bubble back before the NUMBER_TOKEN crash according to this article is because you had people still buying homes even the home prices were going up the
START_SELFPROMO_TOKEN before i analyze that article i need you to do me a quick favor and smash the thumbs up button below and if you haven't already be sure to join our free discord server called the guac talk community we call it guac talk because as we all know extra guac is truly a symbol of extra wealth and in this community you can chat about all things minority mindset you can chat about the stock market the real estate market the cryptocurrency market and all things building wealth this community is completely free so if you want to chat with and network with other minority mindset thinkers i'll put the link to where you can do that in the description below END_SELFPROMO_TOKEN