Mark Atwood (fallenpegasus) wrote,
Mark Atwood
fallenpegasus

I need to keep telling myself this, as I start shopping for housing.

There is a very simple test of whether any price rise is realistic or a bubble. If people are worry about it being a bubble, it is not a bubble. If people say that the normal rules of economics do not apply to this particular situation and the price has still more room to rise, it is a bubble. link
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