Quote:
Originally Posted by Halfcan
The only thing propping up the economy from a complete collapse is the Real Estate market- which is on the biggest bubble I have ever seen.
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This is going to pop hard.
I go on Realtor.com a lot and check out the Property History to see what the house sold for last and when.
When I see a townhome of 2,200 sq ft sell for $895,000 when it sold at $375,000 just 5 years ago, you know this shit is going to end bad.
I can't speak to every market in the US but Phoenix area is in a massive bubble and so are many other markets.
Bubbles never end well.
The end will occur when everyone says to buy Real Estate, can't lose.