Now the senior vice president for risk policy of Fannie Mae, Thomas Lawler is saying that there may be a bubble in housing. This statement kind of sucks though:
The report noted that no one can tell if a housing bubble exists until after the fact.
That means they get to say the bubble burst after housing prices go south and a bunch of "investors" get burned trying to flip houses. I guess they can just say "I told you so."
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