end of the line for the speculative mania, page-10

That's simply because they are speculating on ever-increasing house values. Once the greatest fools have been lured into the market, it's the end of the line for the speculative mania. That's when investors start to rush for the exit and the great unwind and debt deflation begins.

Nice narrative. That is what you have been telling yourself since GFC? Some people need emotional support to cope with reality.