[Oberon]

All rising markets have speculators, but they are only a small percentage. It sounds to me like you have an issue with them. The people you don’t like I mentioned in my previous post.

"Don't like" is rather a stretch. "Consider unwise" is closer to the truth. I'm more of a disinterested observer, talking about markets like you would talk about the weather. But...and this may be telling...my current housing expenses are under fifteen percent of my income. I'm deliberately limiting my stake in the real estate market.

[Moonman62]

What amazes me is how reluctant people are to look at government policies to explain big market moves. Instead they are quick to blame their neighbor, and this is on an internet site where people are supposed to be critical of too much government intervention.