In the video below Yale Prof. Robert Shiller explains why both the stock market and real estate market are booming in 2021.
One of his explanations is the story we tell ourselves that we don’t want to be left out like many of us were from the last real estate boom.
The first 17 min is a discussion on the stock market. To watch his thoughts on the real estate market move the video cursor to 17:01 min. on the video.