Reply to I think the bubble is popping.

Forum Index » Real Estate

Reply to "I think the bubble is popping."

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Prices will stay steady or dip slightly, and buyers will get to have contingencies, but the moron who is posting screenshots of price reductions on houses that are listed at $2M+ is still a moron.

“Hey everyone, the sellers of this super weird and expensive house that would only have two dozen possible buyers in the best of all worlds dropped their price by $400K! And this is indicative of a nationwide trend! I swear! Be afraid!”[/quote]
I'm the "moron" who is posting these screenshots. All I can say is...scared much?

These screenshots are but examples of extreme greed, egregious behavior in the market right now, but I've presented county level data for some of the "hot" markets, and the story is the same. The "bubble" IS popping. Whether that leads to significant downward pressure in home prices remains to be seen, but not acknowledging that prices are dropping, houses are staying longer on the market, and the trend has shifted downwards is like:

[img]https://i.huffpost.com/gen/2276552/thumbs/o-BONDI-BEACH-1-570.jpg[/img][/quote]

I bought in AA Co several years ago and truly have no dog in this fight but you do come off as pretty dumb posting extreme outliers and yammering about “greed” when there’s evidence of a mild softening at most. I’ve seen bubbles pop and this, sir, is no popping bubble. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics