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>I guess what I'm asking is, is it a bubble? Yes, but there is a catch. You have no way of knowing when it will pop. Could be in a few years, could be in 5, co
by filoleg 6y ago
>I guess what I'm asking is, is it a bubble?
Yes, but there is a catch. You have no way of knowing when it will pop. Could be in a few years, could be in 5, could be in 10, could be in 15, could be in 20-30.
With this in mind, at some point, it just starts making sense to join the bubble on the ride up, instead of just sitting with no property and be proud of how "right" I was in my belief that it was a bubble all along.
- comeonseriously 6y agoIt's not a bubble, though. After the last bubble, wall street swooped in and started buying foreclosed properties. Corporations are _still_ outbidding individuals for properties. This isn't a bubble and it will continue and eventually, even us who make really good money will not have enough and we'll just be renters.