...from a blog post by Princeton economist/New York Times columnist Paul Krugman.
Some charts grab you right away, like this one, which highlights how crazy things got during the home-buying mania that swept America in the early 2000s. As home prices soared, rents stayed flat - an indication that buyers were being motivated by factors other than the fundamental one of the relative costs of renting versus owning. Now the fallout from home-buying mania is currently rippling through our economy - and causing a great deal of distress to many homeowners.