Boston condo market
Well, all we can say is: OMG.
Bloomberg has a story about how there’s a housing bubble threat, not to be confused with an actual housing bubble reality, and how it’s a worrisome development.
Let’s get this straight: After five years of being in the dumps, the housing market finally bounces back, stronger in the usual-suspect areas (Boston, San Fran, New York etc.) than in other usual-suspect areas (Detroit, Cleveland, etc.), but by and large, everyone can agree there’s an honest to God recovery going on overall.
So is a recovery by definition a housing bubble threat? Is a market that’s not contracting automatically a bubble threat? Is any teeny tiny improvement in the market officially classified as bubble threat?
It’s just ridiculous.
File under: Silly