The Coming Collapse in Housing

(click to enlarge)

When you look at Robert Shiller's graph of inflation of house prices, adjusted for monetary inflation, over the last 100 years, it seems almost inevitable that there will be a major correction very soon.
Of course, the politicians will just sit back and watch it rise and fall, so they can't be blamed for the outcome of 'irrational exuberance' (although they could be accused of indifference).

The Coming Collapse in Housing