The real cause of the housing bubble

But one area in which Cindy McCain’s spending — and its impact on her husband’s lifestyle — can be chronicled is real estate.

Property records show that trusts and corporations controlled by her and her children spent nearly $11 million between the summer of 2004 and February 2008 on three condominiums in Phoenix and a pair outside San Diego.

Read more here. I guess the Austrians are right, bubbles are always caused by government.