The bubble will pop, and as the central bankers have no solutions to anything other than "quick print money" the rates will remain low. The most striking thing to me about the Brexit was how little time the Royal Bank waited before announcing, unasked, that they'd pump 250 billion pounds into the economy (hint: it was in the middle of the night, before Cameron resigned). Meanwhile, we've got the neo-wingers over at NakedCapitalism insisting that "bankers are now actively stoking fears so as to force officials to give bailouts."

When all you have is a hammer, the whole world is a nail... and the central banks have convinced themselves that the only tool available to them is to throw money at the problem. Keep your powder dry. The housing market is stupid right now in no small part because investors are dumping their nickels everywhere that doesn't leak too much. You, with your scraped-together nest-egg and your dream of home ownership, are outmatched, outgunned and outclassed by some hedge fund snapping up nine hundred houses to flip into rentals. Students of history will observe that these sorts of situations tend to resolve themselves with stunning rapidity.