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We argued in this course that housing price cycles unfold as in the typical textbook storystill many people enter the market at wrong times. Could

We argued in this course that housing price cycles unfold as in the typical textbook story—still many people enter the market at wrong times. Could you please delve into this statement in more detail? More precisely, could you describe the various stages of the typical boom/bust housing cycle?

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The typical boombust housing cycle follows a pattern characterized by various stages each driven by different economic factors and behaviors within the housing market Heres an overview of the stages 1 ... blur-text-image

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