Mark Hanson seems to think so. . .
If 2006/07 was the peak of the largest housing bubble in history with affordability never better vis a’ vis exotic loans; easy availability of credit; unemployment in the 4%’s; the total workforce at record highs; and growing wages, then what do you call “now” with house prices at or above 2006 levels; worse affordability; tighter credit; higher unemployment; a weakening total workforce; and shrinking wages? Whatever you call it, it’s a greater thing than the Bubble 1.0 peak.
Here are some charts he specifically pointed out.
Remember what happened the last time the Real Estate and Mortgage bubble burst?
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Livio S. Nespoli has been a broker, registered investment advisor, and financial publisher since 1985.