[whatnext]

Originally Posted by osirisboy

Thank you for posting that, couldnt agree more... people confuse a softening market with a "bubble" bursting. I swear theres certain people that have a bubble fetish.. everything is this big bubble thats going to burst, ugh

“A bubble occurs when exaggerated expectations of future prices increase unusual demand either by people who fear being priced out of a market or by investors hoping to make a lot of money fast. A bubble is a self-fulfilling prophecy for a while, as successive rounds of buyers push prices higher and higher. But the willingness to pay higher and higher prices is fragile: It will end whenever buyers perceive that prices are no longer going up. Hence bubbles carry the seeds of their own destruction. Only time is needed for bubbles to end.”

- Robert Schiller
http://www.astudentoftherealestatega...ousing-bubble/

What part doesn't fit?