Christopher Thornberg Bubble Quotations

We've never seen this size of a housing bubble before, so in a sense we're in kind of a strange place right now.

We say it's a bubble, but a housing bubble does not pop like a stock market bubble, ... A stock market bubble, when it pops, lots of market activity, prices dropping rapidly. Housing prices don't drop that way because there's a huge fixed cost. You don't day-trade your home.