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Updated almost 8 years ago,
Something exciting about this crazy high market!
There's something going on. There's an excitement in the air in the midst of this ridiculously over inflated real estate market. Post after post talking about an imminent crash? Are we there yet? Are we close? Something's gotta give they say. Houses prices have doubled, tripled, quadrupled in a matter of a few years in places like Los Angeles, San Diego, Dallas, Fort Worth, Houston. Even old, decrepit homes being bid up to astronomical levels. And Last I checked checked average salaries haven't quadrupled in the last couple years. So something's gotta give right?
But what is that something? To combat this "shortage" is there going to be an era of massive new home builds? Or something more out of the box? Are people with yards going to start building tiny homes in their back yards to rent out? Are folks gonna buy RV's and live as nomads? Perhaps someone will make sleek, cool mobile home parks that millinials will find sheek and hip, with awesome amenities, swimming pools, gyms, bars and coffee shops in the premises!
I agree with a lot of folks that say "something's gotta give." If milk went up to $100 a gallon folks would probably stop buying it and find an alternative. The same may happen with the old concept of "housing." In this is what REALLY EXCITES ME! ;) ......thoughts?
Stevo from Hurst