When people become ________ concerned with the underlying value of their assets and became ________ concerned with the expectations that the prices of their houses would continue increasing, a housing bubble occurred.

Question

Quizplus · Accepted Answer

When people become less concerned with the underlying value of their assets, they may start to focus more on short-term gains and speculation, leading to unrealistic expectations that prices will continue to rise. This can create a housing bubble, where prices are driven up beyond what the market can ultimately support. However, if people remain focused on the underlying value of their assets and make decisions based on long-term economic fundamentals, this is less likely to occur.

When People Become ________ Concerned with the Underlying Value of Their