Boston, epicenter for the next housing bubble?

That is the intriguing, if somewhat depressing, idea floated by Yale economist and housing guru Robert Shiller in an interview posted on the Yahoo! Finance website.

Speculative overbuilding in markets like Phoenix and Miami helped inflate the last housing bubble, the one we are all trying to dig out from.

But Shiller notes singled out Boston as one of the markets that has performed relatively well during the downturn. And he raises the question whether the Hub might become ground zero for a new housing bubble.

He noted the volatility of the Boston market in recent years as something that, apparently, makes it vulnerable to bubble housing economics