However, I refuse to continue debating with a fool. If you can't see the ample, multiple warning signs of the 'big city' bubble, oh well.
That's your problem not mine.
Not only have I lived in both of those cities, I OWNED PROPERTY in them and I know what's going on now, as well! I also know what a real estate BUBBLE actually IS and what it is NOT; unlike you!
Article after article and post after post, by the doom&gloomers here, talk about this mythical REAL ESTATE BUBBLE, as though it was supposedly covering the entire United States. That, alone, should tell you and everyone else, what a fallacy it is. What is true for one area of this nation, is NOT true for ALL areas...and this is no exception.
Are there regions that have real estate "BUBBLES"? Yes, there are and there always have been. But outside of what took place during the GREAT DEPRESSION, there hasn't been a nation wide correction ( and during the GD, ALL prices went spiraling down...not just real estate prices ! ) since.
Your problem, and yes, you DO have one, is that your position on a lack of knowledge and understanding.