[gogeo]

I'm a mortgage lender. I send out periodic interest rate commentary to clients and referral sources.

I sent out a scorcher on the so-called housing bubble. Columnists with national reach (most of them, in the Internet age) need to either be less sloppy in what they say, or in what they THINK.

Any housing market that has appreciated by double in the last two to three years is subject to correction. Those markets are a small part of the whole. Many markets have appreciated 3-10% total in the last three years.

Does that mean that house prices will drop everywhere? No way!

BTW...I wasn't picking on you specifically...I remember how I waited (fifteen years ago) for what was then considered a 'bubble' to burst before I bought. I kick myself, because what I saw then as an inflated price seems pretty cheap right now.

[nanak]

...and what I see now is the value of dollar is @#%&** as compared to then.

[Texas Chrystal]

I know you're not being mean to me! We're waiting to buy because we want to accumulate enough down payment to avoid PMI--also we're self-employed and our income varies from month to month. We're not trying to "time" the market or anything like that! This is just the way things worked out.
Now NANAK on the other hand is a BIG, HAIRY TROLL!!
:-P