A bubble? The panel discussed if the current environment is a bubble — a fast run-up that will eventually pop — or decline. Panel moderator Ryan Cleverly of BVA Development — who is an accountant by background and handles the financials for the developer as CFO set up the discussion rhetorically: “As the finance guy I always go ‘absolutely there’s a bubble and we need to stop. It’s too frothy.’ But there are arguments to both sides,” he said.