I believe most of these predictions are based on sour grapes (regretting missing the opportunity to buy earlier)
I have to admit there is some truth to this post, and it does sting a bit. Better to deal with truth and work through it.
Back in 1998 I realized I needed to get a Bachelors degree if I wanted to buy a house here in San Diego, and move ahead in life. My goal was to graduate, get a good job, buy a house and stay in San Diego forever. Well, during the time I was at UCSD, the housing costs doubled, and tripled in some cases. After I graduated, and got a good job, I STILL could not afford to buy a house. Imagine, an engineer cannot afford a house in San Diego. That’s disgusting. So yes, I do harbor some resentment at this crazy RE market.
With the help of everyone in this site, I’ll get that house someday. I hope so anyway.