Reply #74: of course people are not stupid

[pitohui]

i'm still bitter about the run-up in price of OSB, they say it's because it went to iraq, supply and demand, i dunno, but the cost of building a replacement home is now through the roof, so of course homes should be valued at higher prices

$$$ loses value sitting in the bank, better to buy a large property and have a tangible asset to fall back on or borrow against in case of emergency

i see people w/out property complaining that people w/ property are idiots sure to lose their rear ends in the supposed bubble, smells like sour grapes to me

no bubble in texas, louisiana, arkansas, i'm guessing much of the midwest

no new coastline being invented in new york, new jersey, california, florida either, so i'd be suspicious of bubble claims for those areas, despite high prices

i am no real estate broker but i strongly encourage young people to take on debt if they must to secure a home and an education, some debt is good and will save your rear end in later life