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Reply to "Housing prices have gone insane"
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[quote=Anonymous]Pandemic induced supply/demand imbalances have skewed prices and inventory. Many people essentially “panic bought” houses the same way they’d stock up on TP from Costco. Not just in DC but many different markets. We won’t know the real price equilibrium until a few more quarters have passed. Part of my job involves pricing REIT portfolios and I can tell you I’ve never seen such a disconnect between private real estate prices and “public” real estate prices (REIT portfolios). One side or the other has to give eventually.[/quote]
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