Bubble, Bubble, Toil and Trouble

From the NYT: Within six months last year, Carlos and Betti Lidsky bought and sold two condominiums. Then they bought and sold two houses. They say they will clear a half-million dollars in profit, and none of the homes have even been built.

Economists point out that the speed and size of inevitable rise in interest rates “will determine whether the speculative fever in the market just goes flat or whether it caves.”

Whoo! Here comes the poppin’!