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Reply to "When will it reset or crash"
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[quote=Anonymous][quote=Anonymous]Hanging out with real estate agents yesterday and they were reminiscing about 2006/7 being the latest time they could recall market being like this. Then the crash happened.[/quote] 2007/08 was really interesting. Lived in California at the time so it was pretty obvious to anyone with two brain cells that things were getting ridiculous. Sold all real estate. Shorted the market. Bought gold mining stocks. Made bank. 2008 was an awesome year. Let us hope the idiots rise again But this doesn't feel like 2008. Residential real estate has supply issues that will float prices in most markets regardless of interest rates. Plus many buyers are all cash. Commercial real estate is f-d though. That's some bad money that needs to make its way through the system. But I don't think there's a systemic risk. Think we're in a muddling along moment in time[/quote]
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