Mapping the US Credit/Housing Bubble

Great set of charts from Visualizing Economics, showing the 2000-06 period, the 2007-11 collapse, and the c0ombination of the two.

My one beef is with the phrase Housing Bubble. As the charts show, the bubble was very specifically limited to a handful of regions. Nationally, we had a Housing boom & bust — but the “bubble” was in Credit. This was thanks to Greenspan’s ultra-low rates, the abdication of lending standards, that¬† were driven by the demand to feed the Wall Street securitization machine.

Anyhow, here is what the price changes look like mapped out:

click for larger map

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