As the chart demonstrates, there has never been a time when the all important leading indicator that is the San Fran housing market (see herefor the reasons why) has posted such a steep slowdown in annual price increases without a bubble of some sort, be it the dot com, the first housing or the European sovereign debt bubble, having burst. Will this time finally be different?
http://www.zerohedge.com/news/2014-10-28/has-never-happened-without-massive-bubble-bursting
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