Quote:
Originally Posted by biosurfer1
There is another option besides the "bubble bursting", and one I think could very likely happen.
The craziness dies down and home prices stay relatively stable/flat for an extended period of time.
So that house across the street that is crazy to think is worth $800k, is still worth $800k 10 years from now.
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Some markets maybe, some definitely not.
Was the same back in the early 2,000's.
Depends on the size of the local bubble, some were far in excess of others.