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1997 or 2002

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When did the housing bubble start? One economist claims "most" analysts agree on 1997, a year in which house prices began moving sharply upward, buoyed by the government pushing homeownership more. Another says actually few people think it was 1997— the actual year should be 2002, when the dot-com bustees landed on real estate as the latest and greatest bubble of choice. The point of the whole argument: trying to figure out whether we should blame the Democrats or the Republicans. As usual. [Developments]