I’d be interested in hearing why you feel things will level off as opposed to just blow up a huge bubble? Seems to me the fed is likely to keep printing money longer than currently expected, and rates will remain low for a long time. In that environment with rising house prices a person can make way more money borrowing money and buying up real estate than they can putting the money into savings. So why wouldn’t they? And why wouldn’t the current fed policy blow a bubble that dwarfs 2006’s bubble?
XboxBoy
[quote=SD Realtor]As I have said we have legged up sharply, I would expect that things will level off and then return to a more subtle appreciation rate. However in my opinion the only reversal of the trend will come due to sharp increases in interest rates. Again this is the sub market and types of homes I have been discussing.[/quote]
