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The US Housing Bubble, Credit Crisis, Crash and Recovery 2006 to 2015

In: The Adventures of a Modern Renaissance Academic in Investing and Gambling

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  • William T Ziemba

Abstract

President George W Bush pushed the case that all Americans should own their own homes. A low interest rate policy of Fed Chair Alan Greenspan fueled a bond rally with the rates declining from the mid-1990s through to the 2005/2006 peak in real estate prices. Real estate in the US overall has had its ups and downs since the 1700s. However, since the 1940s, the overall US real estate has increased dramatically and the latter part was up each year. The real estate rise in the period up to 2005 was very large and made people feel that the only direction for future real estate prices was up. Many were burned in the 2000–2002 stock market decline so went to a new asset class namely real estate…

Suggested Citation

  • William T Ziemba, 2017. "The US Housing Bubble, Credit Crisis, Crash and Recovery 2006 to 2015," World Scientific Book Chapters, in: The Adventures of a Modern Renaissance Academic in Investing and Gambling, chapter 24, pages 271-273, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813148529_0024
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    Keywords

    Financial History; Risk Management; Investment Strategies; Mean Reversion; Risk Arbitrage; Management of Assets;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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