Housing Bubble

Listing to people trying to predict when the housing bubble will pop I keep hearing the mantra about housing prices, which keep rising faster than almost anything else and people at some point will stop paying large sums of money for a house.

There is one point which is not being emphasized strong enough, the bubble will pop because of foreclosures that I see in the near future in addition to the many debt driven people who will try to sell their homes, therefore creating a bigger supply than demand. Only then will people stop this insane notion that house prices could only go up.

Once that happens it won’t be pretty.