Quoted from Shadow:The housing bubble was different -- prices were inflated by easy credit and slap fast loan underwriting/appraisal practices. Pin prices aren't being fueled by easy credit -- most of the purchases are cash on hand. Main factor on prices is expansion of the hobby, namely new collectors. Plus you have to look at JJP showing Stern that this growing market segment would absorb price increases in return for quality (JJP) or premium edition features (Stern).
That's why I disagree with the whole bubble theory. Prices are more about expansion of buyers, demographics and price elasticity. But wtf do I or anyone else in here really "know"....
makes sense