Krugman on the Housing Bubble

As someone who lives in coastal California, owns his home, and recently refinanced it to build an addition, I confess to being concerned at the talk of a housing bubble about to burst. Given that I’m also someone who bought into the tech stock bubble almost precisely at its peak makes me wonder if I’m about to learn the same painful lesson over again.

Krugman seems to be leaning that way: Running out of bubbles.

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