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]It slows. It dips and it the bubble deflates. [b]A burst doesn't have to be a dramatic bust to be a bubble bursting. [/b]

And no, never in the history of real estate have we had a surge/market frenzy and then prices stabilize at the same level. They always go down with a market correction. If you can afford what you bought and are staying for a long time,  you are fine. [/quote]

A bubble bursting is, by definition, dramatic. The overly hot market will return to being just a hot market. In the years leading up to the pandemic, people were in bidding wars with escalation clauses, waiving contingencies, and prices steadily marched upwards. I guess the analogy here is probably more like a balloon that got weirdly inflated too rapidly due to the pandemic than a bubble (as you mention deflates...some air is let out but that balloon is still floating pretty darn high). Anyways, I'm glad I bought May 2020. Prices at this point would have to decrease 10% for us to reach what we purchased and over 20% to be officially "under water." I guess it could happen but since we're staying put I'm not too worried. [/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