The Housing Bubble

T-shirtHumor.com's latest t-shirt design is one that has stirred quite an audience in the real estate world. "Mr. Housing Bubble" has become it's biggest seller in the last few weeks as it pokes fun at the real estate market.

Anthony Phipps, T-shirtHumor.com communications director, said, "I think it's pretty clear that there are a lot of people in fear over the potential of a housing bust. A lot of individuals have made some interesting moves financially with interest-only mortgages and the idea of suddenly having all that equity disappear is something that scares home buyers and policy-makers alike."

But the Realty Times newsletter chafed at the notion that real estate prices have reached unsustainable levels, declaring in a headline, "Mr. Housing Bubble T-shirts Indicate Market Confusion."

Alan Greenspan, the Federal Reserve Chairman, recently talked about the real estate market claiming he had not seen the US housing markets reach such omnious heights. Phipps' response to Greenspan's comments? "If this thing does pop, a lot of people are going to need an affordable shirt to wear."