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How the Housing Bubble Was Reblown in 20 Cities

Summary:
Realist3 hrsPersonal real estate continues to increase in price dramatically where I live. The demand has increased as many people are realizing that they no longer have to live in major metro areas in order to work there. They used to be put off by the hassle of commuting, but as more of them are able to work from home now, smaller communities with individual homes on a bit of land are becoming very desirable. The downside is that it continues to get more difficult for first time buyers. I have been listening to predictions of the housing bubble popping for my entire life. While there have been a few significant corrections over the last 50 years, they only affected the small numbers of people who had to buy or sell during those brief periods of time. For the vast majority of home buyers

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Realist

Personal real estate continues to increase in price dramatically where I live. The demand has increased as many people are realizing that they no longer have to live in major metro areas in order to work there. They used to be put off by the hassle of commuting, but as more of them are able to work from home now, smaller communities with individual homes on a bit of land are becoming very desirable. The downside is that it continues to get more difficult for first time buyers.

I have been listening to predictions of the housing bubble popping for my entire life. While there have been a few significant corrections over the last 50 years, they only affected the small numbers of people who had to buy or sell during those brief periods of time. For the vast majority of home buyers who simply bought a home and stayed in it, the corrections didn't really matter to them. Once the correction was over, their house ends up being worth more than ever (nominally).

For most people, buying and living in a house for a long time is often best investment they every made. Of course, there are always exceptions.

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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