[Pearls Before Swine]

This is deceptive. The cause of the 08 crash was the sub-prime mortgage bubble popping. The cause of the sub-prime mortgage bubble popping, was the US Government pumping up the sub-prime mortgage bubble untill it popped.

I agree. The crash had roots going back many years, and a number of factors came together to produce it. Community Housing (bad mortgages) and securitization (banks and mortgage companies made crappy loans, but packaged them and sold them to someone else)are two bit ones.

One of the best books I read on the crash was "The Sellout", by Charles Gasparino, which traces the roots of the crash back to the 80's. It reads like both a history book and a thriller. Highly recommended.

[Theoria]

The states that were hardest hit concerning real estate were the normal speculation states. Arizona, NV, and Florida. That wasn't community housing. Just as now Los Vegas is booming. Not sure if that is good or bad. Everything comes in cycles, except .gov spending and debt which is nonstop.

Rising interest rates will come. That will burn alot of people, but there has to be a end to free money at some point.