THEME: Real Estate Bubble
Yet more evidence of overconfidence in real estate...

Schwab, along with the Ariel Mutual Funds, co-sponsored their seventh annual survey of black and white households earning more than $50,000 per year.

Fully 61 percent of blacks and 51 percent of whites said real estate is the best investment overall. Throughout the survey, blacks have consistently named real estate as the best investment, Foster noted. This was the first year that a majority of both black and whites said real estate was the best investment overall.