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Updated over 7 years ago on . Most recent reply

User Stats

9
Posts
6
Votes
Yisroel Kaufman
  • Newark, NJ
6
Votes |
9
Posts

How can I know when it was the last housing boom?

Yisroel Kaufman
  • Newark, NJ
Posted

Hello Everyone

I'm a newbie here, I hope this doesn't sound stupid. But I really want to know.

I'm reading now J Scott's book, The Book On Flipping Houses (for the second time). He talks in chapter 5 about what kind of houses to buy. Among others, he says you should be looking for houses built after the last housing boom. While I'm not even sure what a housing boom is, (I think it's something like a housing bubble. Isn't it? hay, would anyone help me with that too...?) I would like to know how I can know when it was the last housing boom in my market, which by the way is NJ. Or, to be more specific, Trenton NJ. I tried Google but didn't find anything there.

I know that here on BP we have people that are much smarter than Google and Wikipedia. So I really hope someone here will be able to help me.

Thanks y'all! 

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