"Housing Prices"

I read this in a University of the Pacific Eberhardt School of Business alumni magazine.

The author was referencing the California & Metro Forecast.

Housing prices will continue to decline until excess inventory can be worked down. Current worst case scenarios for some areas put declines in the range of 10-20%. A Bubble bursting? Hardly. If NASDAQ had fallen 10-20% in 2001 from its high point, would we still refer to it as the dot-com bubble?

That! Is the SMARTEST thing I have read about the so called bubble in a long time.