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Real Estate
Reply to "Remember the recent bubble and crash -- it could happen again"
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[quote=Anonymous]What's tough for me is that I moved here in 2001, so I don't know what a normal strong market looks like in DC. So maybe this is just a strong market that is enjoying a nice recovery from the crash. Or is it more of a bubble? It's just so hard to know because so much of the housing market rebound has been because of the artificially low rates. So what happens when those go away. But, as someone else mentioned, rents are also sky high. A home bubble would only happen if the price of home ownership was way higher than the the price to rent. But that's not the case. So who the hell knows. All I know is that I am getting nervous with the frenzy going on right now. I think the real driver is lack of inventory for a second spring market in a row now. [/quote]
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