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That's why it's called a "cycle". The growth is rarely, if ever linear. The big picture is never linear. At a macro level, suburb growth is not linear, either. Prices will be pushed up through the demand supply equation, then plateau. Surrounding suburbs will catch the ripple effect and show...

They have used the "bubble" word from time to time in the past. Another popular one is "affordability crisis" (ie. house prices just can't go any higher). This one has been trotted out in the 60's, 70's, 80's .. etc you get the point. Yet, prices do keep rising. The D&Gers keep talking about...