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You will be tried for treason if you don't buy a house at over inflated prices.
Maybe it needs to die, sounds like things are trying to get back to normal in spite of all the efforts to prevent it.
What new US housing bubble? There is no such thing, at least nationally. Prices have returned to historical averages.
If the media is talking about a bubble, there isn't one. It's a bubble when everyone is bragging about how they made $200k profit flipping a shack.
http://www.theguardian.com/money/us-money-blog/2013/sep/13/high-mortgage-interest-rates-economic-recovery
#housing