There is still no consensus on why the last housing boom and bust happened. That is troubling, because that violent housing cycle helped to produce the Great Recession and financial crisis of 2007 to 2009. We need to understand it all if we are going to be able to avoid ordeals like that in the future. Read More about Robert Shiller's view of the ongoing national pastime of "flipping houses" and it's impact on the real estate market. This interesting article from the New York Times discusses how our obsession with making money in real estate has created a frenzy that could have detrimental effects on our housing market.