What makes you think the next bubble will still be housing? Or be as big? Banks aren't leveraged on CDOs like they were precrisis. Current bubbles are probably

What makes you think the next bubble will still be housing? Or be as big? Banks aren't leveraged on CDOs like they were precrisis. Current bubbles are probably subprime auto-loans, which is a much smaller market than home loans, and maybe apartments and commerical real estate. As millenials age they will move from city apartments out into the suburbs to have yards and access to good schools for their kids. This will probably continue to drive the housing market up. If you need a house in the short term you are gonna have to hop on the housing market rollercoaster and adopt your new NIMBY lifestyle. EDIT: and for sources of financial news, I really like nakedcapitalism.com as a contrarian supplement to the regular stuff, check out these three articles then look at the dates. http://www.nakedcapitalism.com/2007/03/market-correction-is-coming.html http://www.nakedcapitalism.com/2007/03/market-correction-is-... http://www.nakedcapitalism.com/2007/03/unwinding-fraud-for-bubbles.html http://www.nakedcapitalism.com/2007/03/unwinding-fraud-for-b... http://www.nakedcapitalism.com/2007/03/michael-panzer-on-subprime-delusions.html http://www.nakedcapitalism.com/2007/03/michael-panzer-on-sub...