Housing could already be in a bubble in some places. It's far beyond what's reasonable vs. median income and is reportedly being propped up by a huge amount of

Housing could already be in a bubble in some places. It's far beyond what's reasonable vs. median income and is reportedly being propped up by a huge amount of foreign cash making cash purchases. A lot of commentators I've read say we're not in a bubble because these are cash purchases, but this assumes there's an infinite supply of this cash. If/when the cash influx stops the present prices may not be sustainable. I doubt it would be as hard a landing as 2008 but you could definitely see a correction.