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Ya'll are correct to worry about a housing bubble
But this current market is not like any other in American's past. Much of the growth is fueled by illegal immigration and foreigners buying american real estate through fraudulent loans
Why is it that houses in dumps like south central LA are selling for 300,000? WHo is buying them? There is a list of illegals bidding for these shitholes and banks all too willing to accept questionable identification to secure the loan
So until Bush decides to close out borders and enforce immigration law... this boom will not end. It will continue until the social problems, high taxes, and corporate corruption of so many illegal aliens and foreigners catches up with us
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