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The Wall Street Journal online has a very strange poll entitled Is the US Housing Market a Bubble? The possible answers seem to lead to contradictory response:
– yes, and it will burst this year
– yes and it will keep growing
Huh? Shouldn’t that be, “yes, but it will not burst this year”?
The real estate bubble is the topic of the month, with cover stories in The New York Times, New York Magazine and just about every other publication. Since none of the publications want to forfeit their considerable real estate ad revenues, none of the articles draw a clear conclusion.