Pardon the cutesy, alliterative title - it's just an attempt to find some new way to discuss that boring old real estate bubble that never seems to burst. Or at least that's the frustration of those who think there is a real estate bubble; the jury is usually out on these debates until something disastrous has happened in a market and everyone can see after the fact that a bubble truly existed.
But the omens are gathering that the real estate boom is close to its end. The pace and depth of the price declines ahead will in the end convince any doubters that the U.S. real estate market was grossly over-extended. It will be, in retrospect, another NASDAQ debacle.
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