When will the insanity end!?

[Robert Steele]

Since 2012 or was it 2013 that things have been going nuts with appreciation I tell myself this year is the last.

At first I thought it was cool. Rents were going up and I was lining my pockets. Then house prices started playing catch up and every year that juicy rental increase disappeared into a black hole called property taxes.

As I'm sure you've all seen there is construction everywhere. Builders are doing their damnedest to meet the demand. However it seems to be mostly 400K+ houses and apartments. Nothing in the middle.

So do we overshoot on supply and prices/rents crash? Does this horse have a few more years left in her? Do we just sort of go sideways for several years? I wonder how this all pans out.