Has The Housing Bubble Burst Completely or Yet to Burst?
The funny thing about bubbles is that sooner or later they burst. After having survived the 1997 crisis as each of us has watched the housing bubble burst in most parts of the country and deflate everywhere else, we are being told that the worst is over. We can come out of hiding and start to resume normal activity.
Hmmmm… I’m not buying it!
Consider the charts below, that reflects that housing prices in general still have a way to travel, downward
Posted by Hong Thang on Monday, February 13, 2017
