Real Estate’s high P/E ratios

A Canadian take –

Merrill Lynch’s David Rosenberg has been a housing bear for some time and you wouldn’t look like a genius following his advice. Prices in the United States and Canada keep going up, no matter what the economist says. But he does raise an interesting point. Just because the housing bubble “hasn’t burst, doesn’t mean it doesn’t exist,” he told Barron’s.

Goodness. The bubble talk is everywhere!

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