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re: I hated The Big Short - spoilers
Posted on 3/16/16 at 7:08 pm to stout
Posted on 3/16/16 at 7:08 pm to stout
I was talking to my sister who works in real estate management consultant and she is pretty sure a crash is going to happen again. And i can see her being right. There's like 400-500 million worth of apartment and condo building going up within 3-4 blocks from her apartment and her city's population is declining quickly.
2
Posted on 3/16/16 at 7:13 pm to athenslife101
quote:
and she is pretty sure a crash is going to happen again.
Yea, I agree. RE value growth is unsustainable with median income levels IMO. I remember when 2-3% growth was great. Now we see values jump 10%+ year over year. It's going to give at some point.
LINK
Posted on 3/16/16 at 7:16 pm to athenslife101
Real estate is very regional. We do not have the systematic risk prevalent before the crash. There will always be overheating in select markets, but it's not structurally driven like it was before. Anecdotal evidence in one city is meaningless in terms of the nationwide real estate market.
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