Bubble Metrics

I came across a very interesting website, that of the Center for Economic Policy Research, an organization that's done alot of looking into the housing bubble issue and that has alot of articles that you'll find interesting and informative.

What's really noteworthy, though, is a unique bubble calculator that seeks to measure whether you'd be better off renting or buying by plugging in the price, mortgage terms, location and projected hold time into the fields, which then takes into account projected changes in home price in that area over the projected hold period. The results may frighten you.
http://www.cepr.net/calculators/hb/hcc.html

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