Submitted by Al Frick, Mar 20, 2008 15:58

Why do we never learn from our mistakes? The Florida real estate bubble burst not more than 15 years ago, resulting in all the S&L companies collapsing due to unsound mortgages. Don't people realize this? The past 5 years have brought ridiculous increases in real estate prices. As a renter, I was horrified and thought that even as a young professional in this great city, I'd be unable to buy a home at the rate things were going. People should have realized where this was all going. I'm still frankly shocked that Manhattan real estate prices are still going through the roof.

If only real estate became a more liquid market, (freed of restrictive zoning for new supply to meet demand, free of worthless real estate agents causing unnecessary market friction (exclusive listings - NATIONWIDE FREE WEB LISTING SERVICE anybody???) the market fluctuations would be much more evened out.

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