In the past four years every participant in the Real Estate market was transformed into a speculator. Everyone from flippers to first home buyers was gripped by a kind of speculative craze. It was like a national pyramid scheme.
Now there is a public perception that real estate is “over” and the purge begins. Money is going to move to other places.
What I find most interesting about what has happened can’t be found in numbers or charts. So much of happened was motivated by anxiety, greed,
and fear.
