What housing bubble?

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According to Trulia, home prices in May in Los Angeles were up, year over year, by 17 percent. No problem! This is no doubt a long term trend. Home prices always go up.

Atlanta prices were up 13 percent, and Dallas prices were up 11.1 percent over the same period.

Do you think wages and income for the average family have increased 10 percent or more over the past year? It seems not.

11:57 am on June 6, 2013
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