[Porsche-O-Phile]

Real estate.

"Bubbles" and speculative run-ups are normal in capitalist economies however we simply can't afford another one in real estate like we've just been through. It nearly collapsed our economy. Like it or not, real estate is established as a cornerstone of American household security, largely because of the conservatism surrounding lending practices for it going back almost 100 years.

When people felt the need to tinker with it "just because", bad things happened. You don't go screwing around with foundations once the building is placed on top of them. Things like home mortgages, retirement funds, etc. (which are the primary wealth generators for a large number of Americans - indeed the ONLY wealth generators for many) can't afford speculative run-ups like we've seen recently. That's what made the recent RE bubble so remarkable - that it occurred in a sector that had previously been so stable and trusted - much as the stock market was prior to the 1930s...

This can't be allowed to happen again or it WILL destroy what's left of our economy - if all Zero's borrowing doesn't destroy it anyway (sorry for the political reference, PARF not intended - just had to be said).