Tuesday, August 23, 2005

Pass That Dutch

"On the Herengracht, those returns have often been fantastic for 25 or even 50 years at a time. Home prices soared in the first half of the 17th century, around the time of the tulip mania. But they came crashing down in the 1670s, when the prime minister was killed, and partially eaten, by a mob of angry Dutch, and the country nearly disintegrated." — From an otherwise bland story about the possible existence of a housing bubble, in The New York Times.

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