Bubbles, Bubbles, Real Estate Troubles

There’s an old saying: if it looks like an elephant, walks like an elephant, and has “I’m an elephant” tattooed to its rump, the odds are overwhelmingly in favor of its not being a duck-billed platypus. Judging from recent activity, it’s high time the real estate market got itself an “I’m a bubble” tattoo, despite the desperate assurances of Alan “I didn’t know it was a bubble” Greenspan
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