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Real Estate
Reply to "I think the bubble is popping."
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[quote=Anonymous]Everyone thinks this is 2007. It's not. That bubble popped in such an extraordinary way because there were so many people who were not qualified to borrow taking ridiculous loans. That resulted in a wave of foreclosures saturating the market and driving prices down. This will not happen. In fact, we have the opposite. We have extremely well qualified borrowers competing for low demand. In the next 2 years, those borrowers will not default on their loans; there will be no wave of foreclosures which "pops the bubble" The market will cool. We all know it will. But it won't pop. Anyone sitting on the sideline hoping for 20-25% price reductions better get cozy[/quote]
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