Real Estate Bubble since 1998

The real estate bubble, with its associated REITs and other investment vehicles, like the CDOs, are taking a fall now, but when did the bubble start? 1998 was a turning point in the economy, with the Russian bond collapse and the collapse and bailout of the [LINK=http://hedge-fund-investing.com/?gclid=CLSRoZuw_IwCFSMKGgod8iY7EA]LTCM hedge fund[/LINK]. It was also the beginning of inflation in oil prices and commodities. Look at the wave of inflation and collpase since 1998- the year of VP Gore's move to bomb Iraq and the Sudan.
In fact, the dollar can be said to have already collapsed on the order of 50-percent or more. Of course, this is an old stroy. The house that my father bought for $25,000 in 1960 is now on the market for $600,000 and more. That is an inflation, or a devaluation of the dollar by 20 times!!! However, the American public has been in a big sleep on this because food prices have been cheap, the cheap import of clothing and other household goods and low raw materials prices.
With the "wall of money" policy of Federal Reserve Chairman Alan Greenspan, to keep the collapses of September 1998 under control, the money has been more and more slushing around, looking for a place to "invest". One of those places has been the real estate market. As in the collapse of Bear Stearn's hedge funds, this is coming from the collapse of sub-prime CDOs, c[LINK=http://www.reuters.com/article/bondsNews/idUSN3045916020070501]ollateral debt obligation (financial instruments).[/LINK]. And this is just the beginning of the disaster, unless we reorganize the bankrupt financial system like Franklin Roosevelt did in the the 1930s and 40s.