Once again, Columbus is not in an inflated pricing bubble. People got fucked on loans. Columbus is actually artificially under priced right now.
And people buying houses they couldn't afford do not equal a bubble. A bubble is something like out west where someone bought a house for $850,000 and it is only worth $500,000 in a strong market, because that is all it is really worth. A bubble, by definition, is a non-sustainable pattern of price changes or cash flows. We had a MORTGAGE bubble in Columbus, yes, but never a housing bubble. There was never a large pattern of price changes.