[quote=deadzone][quote=bewildering][quote=Jazzman]I believe there is fair to good chance a convergence of factors will happen to bring about a correction in prices and when that happens you might expect the excessive 2013/14 gains to be wiped out. Those gains did not come about as a result of wage growth or a post bubble over-correction, so it is entirely reasonable to assume they are unsustainable.

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I think Rich believes that the 2013 gains were not unreasonable in relation to rents, or income. Just a return to a normal market because few short sales/foreclosures. At least that is my reading of this blog.[/quote]

There is nothing “normal” about a market that is being fully sustained by the Fed’s zero interest rate policy.[/quote]
We’re at the monetary easing half way house. We now know what happens when it’s in progress, but the jury is out on what happens now it has stopped. Seems a delicate time where everybody is praying that nothing comes along to rock the boat.