Only time will tell, clearly Real Estate is cyclical like the weather, the rates drop the prices soar, the demand is high the inventory is low, all driving factors for extremely expensive Real Estate.
The Question is how long will this last for ???
Speculators think that 2016 is the year of the mini bust, anticipated increases in rates will flatten out the sky high price of Real Estate.
Everything ..in life is a balance or requires one.
Eating
Drinking
Real Estate – High prices -low rates / High tax’s – lower prices / Low Price – higher rates
It’s the see saw effect that get’s us spending .. and that is what fuels the economy and keeps things moving..
After all what would happen if we stopped spending / stopped buying homes / stopped borrowing money / stopped applying for credit cards ?
Stop working – Stop watching TV .???
Hmmmm Im sure things would change and change quickly…
Hit me up – let’s chitty chat chat ..
AskImma 
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