Man! I do not want to hear that!
“Are we possibly off to the races again?”
He mentioned San Francisco and Phoenix twice as areas where another bubble could be forming.
http://video.foxbusiness.com/v/embed.js?id=1763948195001&w=466&h=263Watch the latest video at video.foxbusiness.com
I think (hope) he’s wrong.
Return to the Mean
That reminds me. Remember all those “return to the mean” guys during the bust. Well, it turns out they had a very good point.
You don’t hear from the return to the mean guys anymore. That’s because now their argument says that home prices should rise. Those (formerly) return to the mean guys can’t say home prices will rise, it’s not in their genetic code.
Hat tip to Ric Felder on Facebook.