re: credit bubble vs house prices

quote:

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To Bard's defense, the debt bubble isn't sustainable and it's only a matter of time before that implodes on banks. When? Who knows.

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I'm of the opinion that nothing matters anymore that 'they' will find a way to keep propping up things and bailing things out etc. We clearly have different economy and economies of scale than in the past so I also don't think that just because something was true in 1970, 1982 or 1987 that it will come to fruition now in 2024. Things are different now. I don't pretend to know what will happen but the people who have been saying "wait 6 months" on things like housing and cars have looked like imbeciles. A car is a want not a need which is different from housing anyway. And you hit it on the head with this comment:

The market hasn't made logical sense in some time.