The real estate "bubble" has been on my mind the past few years as I was looking for real estate to purchase. No one wants to buy super-high-priced-anything if there is some threat of its value deflating soon after. Being the hyper risk averse dude that I am, this whole purchase is stressful mainly for that very reason.
Thanks to Monica for sending me this sensible article which addresses insane markets like New York and the Bay Area where many other writers only speak in national generalities.
It's certainly no guarantee of anything.. but at least I can feel like less of a fool for buying at the bubble's peak.
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Urban musings
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