In 2005 a friend wanted to start flipping houses. He said this was the best market ever. Up up and away, prices will never fall.
Then last winter I was talking to a young realtor who said this was the best market ever. Up up and away, prices will never fall.
Bet about 20 years from now you’re going to hear the same thing.
People just get dollar signs in their eyes and lose all sense of reason.
It is a combination of people being too young to remember the last big downturn in the economy and people just not wanting to remember.