Housing Bubble Myth DeBunked

Is there really a "housing bubble"?  We agree with Keeping Current Matters (KCM) - we have no such thing.  It is still substantially cheaper to buy a home than to rent one (especially in Chicago), and buying is still 8% undervalued on a price-to-income ratio.

With figures like that, we can safely say that the idea of living in a housing bubble is pure myth.

Infographic courtesy of the KCM blog.