Originally Posted by Arkie
The biggest economic boom happened after the civil war, 1865-1900. The longest continuous boom was from 1991-2001. The most recent example was from 11/2001 to 12/2007. Home ownership reached it's peak in 2006.
There is such a thing as a bubble, based on market shenanigans and illegitimate business practices, and then there is sustainable growth, based on strong fundamentals and prudent business. The growth after WWII was the latter. The housing market was the former.