Boston condos

Boston condos

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

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Updated: January 2018

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