91AggieLawyer said:
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before a bubble pops
I have a hard time seeing a bubble. This is pure supply and demand driven by increased population need and not by easier to acquire credit as we saw during the last actual bubble. In fact, the lack of supply is keeping MORE purchasing from going on. Realtors tell me they have tons of buyers but few sellers. We would move in a heartbeat but there just isn't anywhere to go for what we'd like to pay.
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People want 4 beds 3 baths gamerooms media rooms huge master closets and bathrooms.
I can live without the media room and make the game room my office. But this is pretty much what I'd like to move into.
Perhaps not a bubble technically but if the demand is ever met by increased building, slow down in people moving in, the rain stops....etc....prices will fall.
Right now it's a straight up bidding war
We put my wife's 1995, 1480 sq ft, 2 story house on the market Saturday at 10 am and had 5 offers in 32 hours.