Real Estate Bubble Popping

[Rich Baer]

Be careful out there people. Whether this is day one of the bubble popping or we have a few months left, everyone needs to reevaluate their holdings and future plans. The evidence is everywhere. Housing prices are quickly approaching 2006-2007 levels, new types of easy loans, questionable appraisals, new investors with no experience jumping into real estate like 06-07 (just see this website), New York City real estate prices descending, big name real estate investors selling, world markets in turmoil. It is my belief, that once the downward bell is rung, we will see the 2007 debacle again. No bubble lasts forever and this one will deflate quickly. Foreclosures will quickly escalate and those who have cash will again do well.

There are plenty of people here who went through the last bust and saw it coming. What do you currently believe?

Rich Baer, Esq.