"When Will the Bubble Burst?"
I know most of you have heard of the "bubble" theory regarding real estate and almost anything else that gains in value/popularity very quickly.
Here's an interesting quote from an unnamed mortgage broker:
" The concept of a Real Estate Bubble is for the most part, fallacious. Bubbles exist for things which people do not really need and buy for speculative purposes. The most recent example is the internet stock bubble of the 1990's.
I see no evidence that a large number of people are suddenly going to sell their homes and:
__• live in rentals
__• leave the country
__• live in cardboard homes
__• or live in motor homes"
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