^The

Big Bang

Real Estate

Time To Add Housing To The Bubble List?

Here we go again. In every cycle, destructive behavior like using home equity to pay off credit cards or take vacations or whatever starts to surge. And every time the banking/real estate complex trots out paid spokesmen masquerading as economists to explain that this behavior is perfectly safe because everything else is going so well. 

If cash-out refis continue to soar in the second quarter, then housing is officially a bubble again — with one big difference: 

This time around it’s just one of many, which means the eventual reckoning will be a lot more complex and interesting.

DYI