It seems like we've been debating whether there is a bubble in real estate prices for over five years now and as of yet, nothing has popped. Does this mean there isn't a bubble?
I don't know, but I do know that there are areas that seem way to high priced to be sustainable.
I have found two different articles (in addition to the article I posted yesterday about Buffet) that argue for and against a real estate bubble. I'll report, you decide....
TIAA-CREF: Will the Housing Boom Become a Bust, Pushing the US Into Recession?
BusinessWeek: Why The Housing Bubble Won't Burst
Both articles are short and interesting.
Scott Dauenhauer, CFP, MSFP