Why the Real Estate Bubble Won't Burst

With mortgage rates going over 6% today, there's lots of talk that maybe the real estate bubble will finally burst.  Realtor, David Schubb of Orinda California has come up with his conclusion on real estate prices, and to him it's not a bubble.  It's hard to decipher, and maybe it helps to understand who's the one talking.  While as a realtor, David's interest is for prices to stay inflated, he certainly makes a good, factual, and well researched presentation for it.