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Before we get into the causes of housing bubbles and what makes them pop, it's important to understand a housing bubble itself. They generally begin with a jump in housing demand, despite a limited amount of inventory available. Demand further increases when speculators enter the market, making the bubble bigger. With limited supply and so much demand, prices naturally skyrocket.
Tim Bray and Jon Nelson discuss the importance of watching multiple news stations so that you do not get polarized to the left or right. Watching
Tim Bray and Jon Nelson discuss an article released by CoStar Group projecting $148 Billion in CMBS defaults over the next two years. The opportunities to purchase income-producing property may perfect timing for those willing to take the risk.
These are unprecedented times that will have a massive impact on the world and our outlook on life. Our livelihoods are being disrupted and it is time to pause, take a breath, be grateful, learn, and grow. This too shall pass.
Real Estate can be an incredible wealth builder or a financial wrecking ball. Making the right decisions to buy low, sell high, rent or strategically staying out of the market is your ticket to peace of mind. Tim Bray, B.S. Real Estate & Urban Economics will be your guide in redefining real estate.
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