Why We Do Not Have a Nationwide Real Estate Bubble

So no, America, we are not in Great Real Estate Bubble Round II; instead, we are in a completely unstable real estate market. My prediction is that housing prices are headed for a major collapse within the next year followed by decades of stagnation. America’s real estate market will end up like Japan’s: plagued by overpriced zombie assets, expensive properties that nobody can afford to buy.

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