I was speaking with a gentleman today who was employing a form of logic that can only be described as well, circular. He believes the housing market will not â€œcrashâ€. He has to. He purchased a home in LA within the last five years; he canâ€™t afford to be wrong. There seems to be two camps in America today; the camp that believes the housing market is overbought, overvalued and unsustainable and those who believe that the recent boom in housing prices is â€œbusiness as usualâ€ or normal. I am not in the camp that subscribes to the later opinion. Letâ€™s look at housing prices and... Read More
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