What any of us on BP or any economists in the news has to say doesn't matter a whole lot.  

... and by 89% in comparison to rents.Australia and Canada share the dubious prestige of having housing prices the most out of alignment with the rest of their economies.The Economist, "Global Housing Markets: Property Puzzles"CBC, Canadian Housing Prices 35% Over ValuedCBC, Analysis: Overvalued Home Prices Could Put New Owners at RiskThe only good news from the perspective of the Atlantic Provinces is we've been the anchor on Canada's housing price to family income ratio for the past decade - without our representation, the Economist would be reporting an even higher percentage of over valuation.  

. :)    The episode was called "STR State of the Industry with AirDNA Chief Economist Jamie Lane"One of my favorite podcasts.

.*** I am not an Economist and I can't predict future.

You may really like our radio show as Bruce often interviews different economists from national economists for broader trends to California economists.

Along with the 10,000 other wild, exaggerated and wholly incorrect assumptions the "Lawyer/Professor/Economist/Investment Advisor/Financial Consultant/Mortgage Broker/Tax Attorney/Tax Lawyer OP (read his profile page) makes, perhaps the most obviously glaring is the assumption that one can find, buy and sell a house purchased at 10% under market value at full market value (without a broker) every thirty days!.

Link: (posting from app, not sure it will hyperlink)https://www.seattletimes.com/business/real-estate/rent-control-in-seattle-bill-to-repeal-statewide-ban-in-the-works/From the article:“The vast majority of economists have said time and again that rent control does more harm than good.

Better than my friends that graduated as Economists.

@Josh E.There are few (if any) mainstream economists that support the idea of rent-control: https://www.gsb.stanford.edu/insights/rent-controls-winners-losersIt's very frustrating to see an entire political movement (conveniently) ignore expertise.

Put on your seat belt.but for actionable feedbackI have pretty substantial LOC's with a few banks.. every January we have a looong lunch and talk about whats their economist are saying for the up coming year.. you see the bank does not want to put me in a position that I can't get out of either.. does them no good.result: good to go for 2018  no anticipated major correct  maybe small increase in rates.also when Bruce Norris made his key note speech last oct. that was a burning question.his opinion is that you need 30% or more of MLS to be short sales bank owned and other distressed assets.. we are far from that.