re: Drudge linked, Economist on housing bubble: We never left the bubble, its bubble inception

quote:

---

I 100% believe this, because damn near every house being built in DFW is 2500 sqft + McMansion, 500k+ .

There's like zero inventory for first-time homeowners that/s not in the fricking ghetto.

---

It’s pretty much the same for Houston except you are buying stucco townhouses built by the cheapest bidder. Come time to sell, the seller thinks of it as an investment and tries to sell it for a profit but the same house down the road cost less.

I am living in a duplex built in the 30s that is in better shape than many new built condos.