I'm curious: why do you think the high real estate prices are indicative of a bubble rather than the market's normal price mechanism simply signaling that there are more buyers than sellers right now?ochotona wrote:I'm not buying in urban areas - even parts of Texas where I live are bubbly, like Dallas and Austin. And darn it, we've been in a slump here in Houston and I can't believe how much housing has gone up. How is it that so many people I know are out of work, but housing keeps climbing? Oh, right... bubble.
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Stocks and real estate may go on sale in the next few years. [...]
In the years leading up to the 2008 real estate crash, I recall that one of the tell-tale signs that a bubble had formed was the fact that lending standards had gone way down: stated income loans, sub-prime loans galore, etc. Is that currently happening again?