Quote:
Originally Posted by Olivo
There might not be a crash, but a correction, no doubt. I know where I live (and subsequently did RE for a bit), prices are blown way out of the water for the houses.
Real estate, for the most part, seems to be something that usually follows inflation. If it is above inflation, there will usually be a correction down the road.
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I sure hope there will be a correction. I agree that prices are overinflated. However, with all the foreign investors paying cash over asking price, I don’t know if there will even be a correction. I sure am hoping for one.