Housing bubble 2.0? Regional housing markets are beginning to look like they did in 2007

nitrene said:
The only people who don't believe its a bubble are recent homeowners & housing shills who come on bubble vision to say "now is the best time to buy!"

I'm sure its perfectly normal for houses to sell for 50-60% above the asking price like what I see here in the SF bay area. Its so bad in LA that 2 bedroom shacks are going for $1.2 million. I've noticed that recently homes are taking longer to sell. I assume that means the doubling of the mortgage rate is slowing them down.
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LOL that could work with a CVX well pumping on property .
NOpe, median=$420,000.
But with limited supply like we have [not in SF/LA area];
some did make the mistake of paying over asking price, with no home inspection\OOPs:caution::caution:
Amazing how little land most people put up with \ but that maybe better than rent;
not a renter.:caution::caution:
 
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