Quote:
Originally Posted by nollie85
Yeah......I'm sure you've heard of ppl forecasting a housing price bubble for the last 30+ years as well.
I still know guys sitting on the fence about buying a house from 20+ years ago. They are still renting today and still predicting housing is a bubble yet its increased at least 5-6 times the value since then.
Something they could have bought for $250k back then is like $1.5M+ now. As they say "when you predict something for long enough it eventually comes true doesnt it?"
Maybe another 30 years? maybe 50? who knows. I'll be dead by then.
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I don't know what it was like for you, but I distinctly remember 2007 / 2008 house prices taking an absolute hammering. I remember because I bought a flat in October 2007 right before prices crashed.