[jmz]

I worry too about a bubble bursting. If rates go up too much it could happen. However, there are unique situations. With traffic becoming more and more of a problem in big cities the desirable, finite amount of houses close in or in other desirable areas is just that finite. Thus, supply an demand come into play.

People complain about the economy but the truth amongst myself an my other mid 30s friends is that incomes are generally very high allowing the crazy prices of homes to be supported.