It seems the only people buying houses are foreign investors and the top 1%, while the average joes have crappier paying jobs than before the last bubble.
Check the charts in this article, pretty disturbing (ZH article, fwiw)
http://www.zerohedge.com/news/2014-06-23/something-disturbing-happening…
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I'm not really too active on ZH but Tyler Durden has written like 75% of the articles I've happened to stumble across on that site.
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