4 ms·

For those outside of these bubbles, it’s almost unbelievable how much the housing market has completely exploded the last two years. My family is squarely in t

For those outside of these bubbles, it’s almost unbelievable how much the housing market has completely exploded the last two years. My family is squarely in this situation - bought our home a few years ago in an extremely fast - growing area, and watched prices climb to levels that we didn’t believe at first. Imagine purchasing a home in 2019 for $500k and selling it today for $1.2M. That’s the reality in some of these cities.

PostThisTooFast 5y ago
The bubble is back. Look at the housing market and the valuations of do-nothing bullshit companies. People don't learn.
- ahelwer 5y ago
  In my experience everyone knows it is all a bubble. Nobody knows what to do about it, though. So they just continue living.
  - ajmurmann 5y ago
    Especially with the fear of inflation, you are 100% correct. I think this bubble has been created by interests being too low for too long. Keeping your money in the bank is barely better than putting it under the matters. So where does it go? Stock market, real estate and crypto. What else could anyone do? It seems like more and more people are becoming angel investors too, but that's not any better and certainly not an option for most people
- francisofascii 5y ago
  Right. This bubble seems to have elements of both the dot-com crash (overvalued tech) and the financial crisis (overvalued housing).
  - DaniloDias 5y ago
    80 year cycle won’t last much longer.
base698 5y ago
> “Speculation on the stock exchange has spread to all ranks of the population and shares rise like air balloons to limitless heights. … My banker congratulates me on every new rise, but he does not dispel the secret uneasiness which my growing wealth arouses in me … it already amounts to millions.” -- "When Money Dies"
notsureaboutpg 5y ago
This sounds like inflation if I ever heard of it

4 ms·

For those outside of these bubbles, it’s almost unbelievable how much the housing market has completely exploded the last two years. My family is squarely in t

by tylerjl 5y ago

PostThisTooFast 5y ago
The bubble is back. Look at the housing market and the valuations of do-nothing bullshit companies. People don't learn.
- ahelwer 5y ago
  In my experience everyone knows it is all a bubble. Nobody knows what to do about it, though. So they just continue living.
  - ajmurmann 5y ago
    Especially with the fear of inflation, you are 100% correct. I think this bubble has been created by interests being too low for too long. Keeping your money in the bank is barely better than putting it under the matters. So where does it go? Stock market, real estate and crypto. What else could anyone do? It seems like more and more people are becoming angel investors too, but that's not any better and certainly not an option for most people
- francisofascii 5y ago
  Right. This bubble seems to have elements of both the dot-com crash (overvalued tech) and the financial crisis (overvalued housing).
  - DaniloDias 5y ago
    80 year cycle won’t last much longer.
base698 5y ago
> “Speculation on the stock exchange has spread to all ranks of the population and shares rise like air balloons to limitless heights. … My banker congratulates me on every new rise, but he does not dispel the secret uneasiness which my growing wealth arouses in me … it already amounts to millions.” -- "When Money Dies"
notsureaboutpg 5y ago
This sounds like inflation if I ever heard of it