At the rate housing prices have risen, I assume it's because there are more buyers out there due to low rates. Assuming rates go back up next year, like many are predicting, what do you think the chances are that we're experiencing another investment bubble on the verge of collapsing?
And does anyone know if personal real estate follows the same principles as commercial, detailed in the 4 quadrant model?
Link:
http://ocw.mit.edu/NR/rdonlyres/Urba...431_GMch02.pdf