[quote=kev374]
I see a lot of people in the media say it’s not like the last time just because NINJA loans are absent.. that is hogwash. Bubbles can be caused in a variety of ways..[/quote]
You’re right, that doesn’t disprove a bubble. But it’s NOT a bubble like last time.
I didn’t watch the video past the intro (it’s just an advertisement it seems?), but there hasn’t been much mention of the defining characteristic of bubbles: valuations. Valuations now vs during the bubble are not even in the same ballpark. (And that’s without considering that rates are much lower now).
Is it a bubble? That’s kind of a squishy term, so I guess it depends on your definition. By the definitions I favor, it is not; maybe some could argue otherwise for other definitions. But it does not compare at all to the mid-2000s bubble.
