MSN Money - Why there is no housing bubble - Jubak's Journal
I guess somebody had to make the arguement.....
This is a bit of a wierd article because he says there is no bubble and then describes how the bubble would "pop". Again, I don't believe there is a national housing bubble, but there are certainly areas that at any interest rate are priced ridicously. A townhome not two miles from my office that is only 1300 sq ft is on the market now for $500,000 - does this sound like a reasonable price?