"There was no housing bubble"

...So claims Alex Tabarrok.

His claim seems to based on two points:

(1) House prices have not dropped down to anywhere near the historical average.

(2) Alex does not think the house price will drop down to anywhere near the historical average.

I agree with the first, and the second is kinda hard to refute since it's just what he thinks. I think he's a mighty brave man for making such a bold prediction in the age of the internets and searchable archives.

Is there an easy way for me to remind myself to review his predictions in 2010?