I think I’ll address some of the issues in the Primer myself. Not right now, because I need to gather some data to make my points, but hopefully fairly soon (in the next few days, if everythig goes well). So, until then, the ball is in my court, as they say.
Now, mind you, I’m not going to come out and say that there is no bubble, as it’s pretty clear that there is one. But I will take issue with the price/income graph that’s at the top of the Piggington page, the one which shows SD housing about 100% overvalued. I think that graph is leading many here to believe that a ~50% drop is in the cards. I don’t share that belief. Anyhow, let me gather my data, and hopefully I’ll be able to put it together in a convincing way. I’ll keep you posted on this.
