With the recovery of housing prices, but an obvious lack of economic growth (not to mention genuine hope from the non-parasitic classes), many people are concerned about another housing bubble. Of course increasing housing prices has allowed people to finally refinance....
5 years later
after they could have really used it
no thanks for HARP v. 1, 2, 3...n
which has eased personal finances somewhat, but once again is there that specter of a housing bubble.
Well, you're lazy, but loveable economist who decided to stay up all night playing video games decided to check before he went to bed this morning and no, it does not look like there's a bubble....yet.
Using a simpler measure of housing prices to economic production we see what we surmised (increasing prices, but no economic growth), but it is nowhere near as peaky as the idiot-fueled bubble of 2006.
Naturally to be professional about it one would look up the price to rents ratio, but I'm lazy and decided to do this temporary hack job instead. Besides, if you want to worry about something, worry about the education bubble.