Today’s Housing Bubble Post — Bargains!

People in my area think a 2-bedroom, 1-bath house for “only” $550,000 is a “bargain” that they should “snap up” because “prices will go back up like they always do.”
That is the language of bubble.
Think about this: People thought that stock in sillyname.com was a “bargain” when it fell to $20 a share, but a little while later no one thought the same stock was a bargain at ten cents a share.