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San Francisco America's highest housing bubble risk, says major financial company

We're number one again—alas Price bubbles happen. They’re a natural and mostly inevitable consequence of the free market doing its free market thing. Given how trying (or terrifying) a bubble and its subsequent burst may be to those in its wake, we don’t really like to acknowledge that, but that doesn’t stop them from happening anyway. Are we in a bubble now? Well, certain commentators have been saying so for years.
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