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Real Estate Bubble

I'm collecting some links on what many people think is a real estate bubble. It is hard not to think that there might be a bubble when housing prices in my neighborhood are topping US$1,200,000 for a two bedroom house. Of course it is nice to think that it is not a bubble and that my house is making me more money than my job is, but really, how can that be?

My starting place for links is the Mises Economics Blog.

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Comments (2)

What area are you in? In my neck of the woods (Westchester county, NY), the "average" home is around $650,000. The prices go up 100,000-150,000 more each year.

Jack:

I'm in the San Francisco Bay Area. Some parts are more expensive than others, but none of it is cheap.

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