If Alan Greenspan and my fellow economist did not as a large rule foresee the consequences of the sub-prime asset bubble then we have to question how valid it really is right?  

I am far from an economist.  

I don't see it.Bruce Norris who is a renowned investor economist in so Cal.. has some pretty neat stories of how he sold all his socal and bought texas went through these issues sold all texas and went back to socal which was a much better play.

But, hey, I'm no economist.  

Economists were warning of an inflated market a year ago.

Economists and other academics have argued about this issue for many years and will continue to do so until we are all dead.All options have pros and cons for both the professional and the client.

@Amit M.The first set of stats come from Leslie Appleton Young, Vice President and Chief Economist of the California Association of Realtors.

Then again, I'm no economist.

Buyers came back in force last month as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings throughout the country," says Lawrence Yun, NAR chief economist.

Economists are saying another million people for our metro in the next 25 years.