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Non Compos Mentis
Join Date: May 2001
Location: Off the grid- Almost
Posts: 10,655
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My definition of a bubble is when the masses start buying something because the value is climbing, vs. buying to use the item.
Prior to the 2008 crash, we saw people of limited means buying multiple houses thinking they would sell a few months later at a profit.
That is far different than buying a house in which to live.
I don't see that now. People are scrambling to buy a place to live.
Bottom line? I don't have a clue what real estate prices will do.
Part of me is thinking that house values are fairly stable, but the price increases are the value of the dollar being reduced by printing presses running 26 hours a day.
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