re: Why do the talking heads keep mentioning the 150% run up in the last 4 years

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18%? That's a definite bump, if not a bubble.

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Ace that 18% isn't really a big deal bc basically people were getting pre-approved for certain payments whether it be $1000/month, $2000/month whatever and now their payment could buy more so they were able to up their budget for a home.

I know I'm looking at condos in miami now and Im preapproved and had I bought 2 months ago I would have been a whole 1% lower and would have been able to finance that much more. So I think that 18% is more thanks to the low rates, but this time as rates rise, people who don't have to sell won't have to bc they'll either be locked in at low rates or will have paid cash.

Yes those who have to sell as rates rise will be in for a big shocker, but I really think most families THAT OWN HOMES are healthier financially than ever before. People are like corporations, the smart ones learned from the last time and now have more saved and are better prepared with better loans and less of the toxic type.

Now for the average american....I don't think he/she is better off today than back then, but the average american isn't a homeowner. The average homeowner in the US is a middle class or above american or a foreign investor or investment vehicle.