Why a housing bubble is good (but maybe bad for you)

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http://i.cbc.ca/1.2470685.1387485548!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_460/irish-ghost-estates.JPG The boom and bust cycle of housing can be painful for those caught on the downside, but the rush to overbuild and overpay for new homes can have unexpected benefits for society even when things go south, Don Pittis writes.


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