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Price can't rise literally forever, no, but there really isn't much evidence that we're in a bubble right now. There isn't any reason price need to drop either.
by Armisael16 5y ago
Price can't rise literally forever, no, but there really isn't much evidence that we're in a bubble right now. There isn't any reason price need to drop either.
- geebee 5y agothey probably can rise "forever" as long as the rate of increase keeps pace with general wealth and economic growth. now, a bubble can't last forever, but moderate price increases (inflation) are pretty normal.
- betwixthewires 5y agoThere's plenty of evidence we are in a bubble. I know this guy, and he's not smart. One of the stupidest people I've ever met actually. Washed his clothes with dish soap stupid. He bought a house 2 years ago with less than 10% down and he's got equity totaling more than 150% of the value of the house when he bought it. Even monetary inflation aside, if an investment can bring windfalls to anyone who can fog up a piece of glass, something isn't right in that market and it isn't sustainable. There's an anecdotal indicator, but housing prices are rising significantly faster than monetary inflation and population nationwide, that's pretty good evidence for a deviation from fundamentals.