How is everyone feeling about the market?

[Troy Forney]

So whats the general thought on the housing market? How much longer do you all see these prices continuing to go up.  It is getting more difficult as time passes to support some of these values buyers are paying.  Yes, yes I know their is limited inventory.  At some point prices will out pace incomes.   I have seen Fred Foldvarys predictions on the market cycle, with growth being from 2012 to 2022. As investors do you all see this lasting that long.  As an appraiser, I have my doubts.  What is your opinion?

[Andrew Johnson]

@Troy Forney Whew, @Christopher Phillips is right on the money.  Search the forums and you'll get 100 forum topics around it.  Usually it boils down to one group of people thinking "this is unsustainable" and "I saw this happening in 2006" with the thesis that the housing market is about to crater.  The second group of people argue that it's impossible to time to the market, you can lock in low interest rates, and over the long term you'll be fine if you can hold onto the property.  And then towards the end it goes into the "it's market/sub-market dependent" and the forum post kinda closes itself out.