The bubble isn't gonna burst because it's not a bubble. Luxury housing, vacation homes and second homes have bubbles; basic housing does not. People need somewhere to live, and there will always be a demand for housing. Prices on basic housing can stabilize, but they rarely drop significantly -- and if they do, it's because the area has become somewhere where no sane person would want to live.
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momijizukamori
no subject
Date: 2003-06-02 04:25 (UTC)