Re: What housing bubble?

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Ryan, even more interesting are the ‘economists in the street’ (regular folks) who like to make comments such as, “it’s about time [home prices went back up].” These are Average Joes who hope that housing prices move upward so their houses are “worth more” on paper, and yet the reality is that they pay more for property while they are being deceived about their real asset wealth.

Tyler Durden just wrote about the bubble on Zero Hedge in his article about the “Housing Bubble 2.0.” For a good laugh, read Karl Smith’s assessment (on Forbes) of why a new housing bubble is likely. The best comment I can muster about this piece is … incredibly flawed.

4:57 am on June 7, 2013