Not a Bubble
For plenty of folk worried about whether we have a bubble or not we are missing nearly all the components of a bubble.
- Loans have been made responsibly.
- People are paying.
- We have a safety net - the government learned their lesson and loan forebearance is a real thing and was used during Covid.
- We are a little overvalued in the Bay Area See the NPR article - we're way down the list at #330.