OTB: Was There a Housing Bubble?

Survey says?!?!

No — and I am inclined to agree. The “housing bubble” as it stands is by and large manufactured disarray. Hedge fund managers are making a killing, those with capital are hosing those without monetary assets, and housing prices have not declined… in fact, they are stablizing.

I do get the feeling this will be a cyclical arrangement… the next wave of housing purchases will not be so wild as the previous decade, but rest assured that folks will be getting back into the swing of things — predictably by the end of the year.

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