Alan Greenspan Quote

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

May 2005, Greenspan said in a speech that he did not believe there was a national housing bubble similar to the bubble in the stock market. But he said there was "froth" in housing and he called the pace of housing price increases unsustainable.

https://www.nytimes.com/2005/05/21/business/greens...