Anyone mind if I resurrect this thread? I would be interested to hear people’s thoughts on whether we are witnessing a bubble or not now 6 months after this thread begun. I am seeing prices back where they were before the last crash in areas that crashed hard (mostly the mello roos heavy spots like 4s ranch, SEH, and points south). Those areas got hammered back in 06-08 but now are in some cases up 200-300K from 2008. I know there are variables not in play this time around but when I look at those places and people are buying homes with high MR at prices almost 300K higher than they were no more than 2 years ago, I have an ill feeling more trouble is ahead.
