UAB Magazine Online Features
Lessons From the Real-Estate Bubble
By Jo Lynn Orr
It doesn’t matter if they’re made from bubble gum, soap, tech stocks, or subdivisions, the invariable law of bubbles is a simple one: They burst. And when they go, they tend to leave a mess behind. But few, if any, have grown so big or spread their wreckage so far as the vast American real-estate bubble, which began in the mid-1990s and kept inflating through most of the present decade before bursting catastrophically last year.