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Originally Posted by Dildozer
There's been talk of a bubble for quite some time now. But the bubble isn't everywhere, it's very micro and depends on areas. Wether it's gonna be a bubble burst or slow deflation will change a lot as well. Personally I think it'll be a slow deflation, not an all out burst.
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True. It depends on the region. For example, the most recent bust in LA in the early 90s started out as a slow deflation then accelerated as housing inventories piled up unsold and prices kept getting slashed.