No Bubble Here: In SF, $1.5 Million for 750 Sq. Ft. Flat, Rent a Bed for $1,000/Month

``Housing may not be in bubble territory everywhere, but it's reaching bubblicious heights wherever global hot money is pouring into the domestic economy: for example, the San Francisco Bay Area. Global hot money has two increasingly desperate goals: . find a positive, low-risk yield, 2. shift the staggering gains reaped from corruption and central-bank financialization bubbles into hard assets such as Impressionist paintings, real estate, etc.''