We are going to hear the word “bubble” applied to the real estate environment for years – and maybe forever.
At this link is CNBC’s Downer Diana cracking on the market, and on the other side, this developer expresses why he thinks we’re not in bubble danger:
I remember an opinion piece written by a developer for a Pasadena newspaper back in 1995. He derided all the bubble talk then, declaring that the market was simply reflecting “supply and demand”.
Its only a bubble if your not making any money. Lots of people had the brass b@lls to buy low and now they are getn paid for that risk.
Agreed, everyone has had a shot to participate. Risk and reward ride the same elevator.
I’ve purchased three, for my kids, and I’m comfortable long term. The problem with prices is that they take the stairs up but the elevator down.