According to Murphy and Sowell, the bubble in 2000 was caused mainly by low interest rates set by the government. This made borrowing money too easy for the common person. Also, banks gave out risky loans even to people who typically wouldn't qualify for any mortgages. All these things caused home prices to rise really fast which led to the crash in 2000.
Chapter 10 Response and Reply
Chapter 10 Response
Background Colour
Font Face
Font Kerning
Font Size
Image Visibility
Letter Spacing
Line Height
Link Highlight
Text Colour