BB its way more than tripled , its up way more than that :)
folks they actually believe their houses went up in value when in reality the money supply grew so there was just more money to buy the houses
interest rate were lower so folks could borrow more to buy the houses
Australia has a housing bubble thats as bad or worse than the US but folks read the SMH who derive their income from Real Estate advertising and believe anything they write
other folks laugh at folk who use margin loans to buy shares but think nothing of borrowing 80% to buy their house
or they call renting "paying dead money" when 95% of their mortgage payment goes to the bank in interest
