An interesting note from his comment: "By 2006 many property markets across the U.S. were destined for a serious correction. Property prices had become unsusta

An interesting note from his comment: "By 2006 many property markets across the U.S. were destined for a serious correction. Property prices had become unsustainable in an environment of stagnant household incomes, employment insecurity, diminished household savings and a heavy reliance on credit card debt to meet everyday expenses. Interest rates would have had to fall to near zero to keep the bubble from bursting." Lo and behold, our interest rates are basically zero... Sounds like the bubble hasn't quite burst yet.