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What do you mean it had a wake-up call in 2008? Looking at the data its surpassed 2008 prior levels! https://mhanson.com/2-1-hanson-house-prices-main-street-bu

• astrodust 10y ago
  Tech securities and real-estate prices have been pretty bonkers lately. If those two things implode something else will bubble up instead. It's like there's too much money in the world or something. This is like trying to get rid of a big bubble in a waterbed. Once you think you've jiggled it out of existence it just comes up somewhere else.
  • hackits 10y ago
    btw the prior comment was a bit of sarcasm. I sometimes wonder about the bubble prices and just conclude there is something else going on in the macro level that I'm un-aware off. A lot of the fundermental concepts such as supply and demand for housing has been de-coupled so you have low demand but still prices remain high in some parts of the country. I do think that at a fundermental level it just shows a complete lack of governance of politicians why is it is this bubble so super focused on a critical part of our life style and that is housing. Why isn't it focused at other area's of the market place such as health, medical, entertainment? We have growing families in single bedroom apartments unable to afford a house for their growing families, well at the same time retires who live in a empty house or investors who have a empty unit's sitting vacant all year round.