Real Estate Bubble Alert: Data Shows Risks Far Exceed 2008 Levels

Looking at recent market data, you'll understand.

Over the past nearly a century, the pattern of US property prices has been quite simple: following residents' income. The rises and falls are orderly, with few abnormal fluctuations. It is precisely because of this stability that the entire market system can operate healthily.

But the current situation is completely different. Take 2006 as an example, when the housing price index reached a high of 266. At that time, we were already discussing bubble risks. And what happened? It eventually burst. The current level of imbalance is even more outrageous than back then.

History tells us that when asset prices deviate seriously from fundamental support (such as income growth) over the long term, a correction is imminent. Now, the gap between real estate and income has hit a new high. This is not a healthy adjustment but a sign of systemic risk.