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"There is no housing bubble..."
According to Neil Barsky, managing partner of Alson Capital Partners and contributor to the Wall Street Journal, there is no housing bubble because of:
  • Low interest rates
  • Local job growth
  • Emotional attachment
  • Housing shortage
  • Low mortgage risk

He says that prices won't collapse, "they are likely to cool off slowly, if at all."

This was 2005.

WSJ
What Housing Bubble? - WSJ

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