I hate to harp on this, but it's almost like the bubble bloggers don't really get the bubble.

A bubble has nothing to do with reality. It's a bubble, an illusion, and when it bursts, it disappears.

There is an inner core to every bubble, an inner reality. The bigger the bubble, the further you are from that core, the harder it is to see, the more the bubble distorts.

The bigger the bubble, the more it is going to hurt.

I could make the case that Bend, Oregon has had the BIGGEST bubble in a huge national bubble.

So, NOW you want to talk about supply and demand? About land and material prices?

What part of bubble don't you get?