Let's express fashion as another beautiful manifestation of life. In fact the biggest fashion designer of the world is Mother Nature herself with her beautiful, imaginative and vivid expressions all around. For humanity from the olden days itself fashion was a source of joyful and creative expression of life just like the art, the science, the dance, the music and of course sex.

Fashion exists as two worlds today, the real and the superficial. I feel fashion is grossly misunderstood and maligned in the contemporary sense. In the superficial world of fashion, it is perceived as the privilege of the so called upper strata of the society. This is the tragedy of today's fashion. Some people with the money, power and glamour flaunt the so called fashion and the rest of the world are made to believe that this is the real fashion.

Much of the analysis of the housing bubble has focused on the fundamental measures of price-to-income and price-to-rent. These are valid statistical measures of what the market should do, and they reflect the fundamental valuations to which prices ultimately return. However, debt-to-income ratios are very revealing of the buyer/borrower activity due to irrational exuberance. There was a significant price bubble in residential real estate in the late 1980s crashing in the early 1990s. This coastal bubble was concentrated in California and in some major metropolitan areas in other states, and it did not spread to housing markets nationwide.