Reply to The Bubble is not popping- all real estate markets will continue to increase.

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Reply to "The Bubble is not popping- all real estate markets will continue to increase."

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[quote=Anonymous][quote]Classic signs of a RE bubble popping (in no particular order):

- Realtors selling their own houses. (i.e. Listing agent is the owner...). If they are selling... 
- You see more and more of "No home sale contingency" - Really? You wanna sell yours, but I shouldn't sell mine? 
- Multiple, relatively fast paced price reductions - They overpriced it, and now are just trying to find a floor where a buyer will step in. 
- RE is all over the news. Real estate is boring. If the media is talking about it, it is NOT boring and that can mean only one thing. 
- Quick flips on the market - Really? You bought it last year for xxx and now you want yyy? For...holding onto it for a year? Because...you know you'll never get this price down the road? 
- Lots of immigrants selling. This is a bit unusual, but I've been an agent for over 30 years, and I've seen this many times. Immigrants, especially from Asia, are very prudent and rarely flip RE for profits. If they are selling... 
- Opendoor/Zillow/LLC owners selling. This one is self explanatory. 
- New houses sitting on the market - If new houses are sitting...with presumably the latest in design trends, layouts, finishes etc... 
- Price reductions on new builds - see above. 
[u][b]- You see lots of "defensive" talk from current owners that it's not a bubble. Pretty self explanatory. They are scared. [/b][/u]

There's many many more reasons, but in the end it's all about wages vs real estate. If wages are NOT rising in line with real estate, then by definition it's a bubble. Don't be the "Greater Fool", buy what you can comfortably afford, is priced realistically, and plan to be in it for many many years. The transaction costs for RE are about the worst for any asset class.[/quote][/quote]

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