RE: Next bubble?I think a lot of the real estate boom has been demographically driven...it a very hot market maybe overheated given the low interest rates...but there is not the level of speculation that there was say in TO during the 80's
What can happen though...is that in a deflationary collaps morgage defualts will go up....that and continued bleeding of the US dollar could see something like Fannie Mae stock go south in a big way (it chart definitely shows it rollig over