Major housing bubble right now!

Jealous of a little sweat equity?

If you can't see an issue you're fucking blind or stupid.

It happened not that long ago, remember?

No?

A man's home in my area was reevaluated at $100,000 less than what it has been valued.

It will happen "like that."

We do not need to hyperinflate our currency or the value of our homes and commodities.

There's plenty of money going around, just way too fucking expensive for anything.

A home that cost next to nothing to build not that long ago should not be triple it's value. While equity is very good for all homeowners, there is always a breaking point. It's also not something that should be made into such a market.

The land is destroyed for these shitty homes to pop up and soon they'll be too expensive or there will be a foreclosure crisis.

When a young couple buys a home with a mortgage at 15 or 30 years at around 300,000 for the same shit that costed 150,000 15 years ago, you've got yourself a serious bubble, and it will pop when all of them decide they don't want to pay twice as much for something than its worth.

They bail.

My parents did it in 2007. People are beginning to do it again.

This one's going to be a doozy!

Keep spending! keep buying! Don't save or buy gold, no, keep that bull bubble blowin!

Its not a bubble its a shortage of housing

All the Immigrants, house are on the market for 2 weeks then they are gone

That was fairly recently and lightning never strikes twice in the same place.

until you get killed.

Whatever. Keep sucking down Buds.

Lol

When we're talking economically you're incorrect, it strikes more than twice, always.

Not the best analogy.

Any argument against this simple truth has been stated before. Pull out threads from 2007 or 2008 and you'll find the exact same arguments.

People are in denial because they don't want to lose everything they've built. I understand.

That's why you should have never bought into a bubble.

Buy low, sell high.

If your home is worth 3 times as much as you bought it and they're seriously selling that fast why the hell not sell?

"Sales" also aren't indicative of a stable housing market. It's so volatile it can take as little as a year for whole banks to go belly up in faulty loans.

Remember?

It's happened quite a bit.

We climb, we fall.

We fall harder the higher we go in an economy based on debt and unsound money.

When those dollars start coming back into the US from all over, which they are, you best believe a crash is coming.

The days of the Fed are coming to a close and it's about goddamn fucking time!

I've been daytrading and it's paying the bills but what I grind. Thinking about getting into the big money by flipping houses as well.