In the post last week about real estate crowdfunding, reader Jiji said we’re close to bubble territory, and I suggested this:
It will take a few ingredients to come together:
1. Alternative financing.
2. Desperate buyers who were previously shut out (self-employed, foreclosed, BK, etc.)
3. Appraisal shenanigans.
Crowdfunding could be the source of alternative financing, and we know plenty of folks have been forced to the sidelines in recent years by big money and insider trading.
This article talked about the pressure on appraisers:
One of their readers, an appraiser, offered this expanation: