Thread: Real Estate Bubble

I just wanted to find out people's opinion and mostly experienced realtors if and when can we expect a decline in the real estate bubble. Comments and suggestions are welcome


Orange CT real estate Redding, CT real estate Ridgefield, CT real estate

Inventory has been up, so have market times. It will take a while for the market to adjust and settle into a new "trading range". I don't see a bubble- but the frenzy is certainly over.

I'd just be worried if you purchased a few properties at the top of the market with a short term adjustable in a no money down/ no cash flow scenario.

G&S

Don't we all wish we could read crystal balls??? We'd all be on perpetual vacations...

I don't see any bubbles bursting, but I think it is great now that the frenzy is over. More inventory for clients to choose from and less of that desperation in finding "something -ANYTHING" and then fighting with the multiple offers and then worrying about appraisals coming in.

I'm glad to see things a bit more normal, where people can make sensible decisions and take enough time to find the home that truly suits them best.

And obviously as a result of having more inventory and less of the craziness, I've seen the need for people to better prepare their homes to go on the market. I think that will create a better market for everyone as well. I hate to see people buy a home, slap on some paint and install the cheapest carpet they can find and then put it back on the market a month later for $60,000+ more than what they paid for it and expecting to get it. I'm all for investing in and upgrading homes to put them on the market, but not some of the stuff I've seen these last couple years.

I know a lot of people that wanted to sell during all the frenzy but were afraid they would never find anything else to live in. They would go out and take a look around at what they could buy for their money and said "forget it!". I think the calmer market helps everyone feel a little more secure, no matter if they are buying or selling.

We'd all be on perpetual vacations...

I like the sound of that.

G&S

Bubble is an inaccurate term, but it makes for great news.

Bubbles burst, leaving nothing but soap film on the floor. The dot-com bubble and the Nikkei bubble are good examples of bubbles.

Real estate has never been that way.

Regionally, there have been declines in value, more like a slow leak in a balloon, not a bubble. After a while, maybe years, the balloon stops leaking.

When will the balloon start to leak, if it starts to leak? Who has that crystal ball again?

Actually wasn't the dot com bomb...

I miss all the dot.com ads from the super bowls...

how can be a realestate broker?

the Term Bubble are for the non-experience investor or non-savvy investment type of people or people who never owned real estate.....
ohh could I add for the media too=yup the media's job is to be as negative
as possible so they can sell more of their product to as much audience as possible .... being positive in the media won't get any newspeople
promotion..(my life actually is better when I stopped watching news like 7 years ago)

people 5 years ago called the stock market bubble, but out of the ashes
I made the same amount of money next 5 years (2000-2005) than i made
from the market upturn (1995-1999)..why and how ?
first thing is, I didn't listen to the so called pro's of the market - Iam my
my self made pro! listen to those so called pro say bye bye 2 money...
(ya who attends those seminars anyway ? the people who knows zero about investment and those people who wants to get rich in 24 hours and would pay top money for crap, am I right?)

anyway if you treat a home as investment then you should be fine .

A Blast from the Past posts!

Funny how things come full circle, eh?

Jean

P.S. Yeah, I'm Canandian and we're all wondering if and when OUR bubble will burst, especially, here in Vancouver, British Columbia CANADA!