More on the Housing Bubble
The folks over at Bubbletrack have been watching the real estate bubble carefully.
They often single out Hoboken because of the huge increase in housing inventory. Take a look at this chart here, which shows the ratio of monthly listings to monthly sales. The gap is widening tremendously.
What is your opinion on this? Is this talk of a bubble bursting just fluff? We'll have a "soft landing"? Or are we in for a disaster and national economic distress? Click image to enlarge.