re: How much of the new housing "boom" is real vs. speculation?

Just read this piece that makes a ton of sense in terms of what I referenced in Miami.

LINK

I'm 34 and don't have student loans and have a pretty high paying job and I think people like me are few and far between, the younger generation has a higher unemployment rate and more student debt than ever. I heard on fox news today georgetown is $66,000/year for tuition and board....YIKES.....I really don't know how this ends but I think the fall will be smoother with all the cash and cheap fixed rate loans involved.

I go back and forth between dallas and miami for work and both places real estate is going bonkers, I just don't know what to think anymore.