The late 70's was marked by a period of huge inflation (misery index) and probably house increases too. It was the late 80's when we had the real estate bubble, S&L bailouts, etc.
I think this bubble will make that one seem like a mole hill. We are definitely experiencing a resurgence of irrational exhuberance like the run up of the Nasdaq to the top in 2000. A lot of the money from stocks went into real estate, while the stock market has reinflated it's bubble. This time I think both going down in synchrony.
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