If indeed there were the bursting of a bubble under way, would not the real estate market be at a state of equalibrium at some point on its way to crash. . . . I didn't see anything in the article that addressed that or gave any evidence that the "balance" was anything but a passing phase.
Not only that, many analysts have said that the 'borrow on the
equity/speculate in real estate' phenomenon can only continue as long as prices and demand *continue* to rise. "Balance" means the rise is over.
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