Everything I hear is this is not a housing bubble, at least nothing like 09

2007-2007 was about artificially low interest rates and ultra-relaxed lending requirements throwing demand out of whack. Then when it crashed, an awful lot of home builders went out of business and never came back.

Today, the issue is a genuinely legit shortage of housing relative to the population, and an inability to build housing at a rate that can meet demand. In short, this is a run-up in price due to true economic supply/demand, not something artificially created by good intentioned but poorly thought out policy.

Rising interest rates will cool things off, hopefully gently. But the signs are there that this isn't a bubble.

In response to this post by RoswellGAHokie

Posted: 05/05/2022 at 08:50AM

Not long ago I posted that a neighbor one street away from us -- PhotoHokieNC 05/04/2022 4:50PM

Did they relocate or live in their car? -- bigbadbird 05/05/2022 08:28AM

I bought my home -- VTUD 05/04/2022 7:05PM

…what’s your address? you're on Briar, right? ** -- chumley 05/04/2022 6:24PM

Huh? No. ** -- PhotoHokieNC 05/04/2022 6:26PM

Pool. Pond. Pond’d be good for you. ** -- Spudnut 05/04/2022 7:32PM

I don’t know the quote ** -- PhotoHokieNC 05/04/2022 7:36PM

Sigh. No love for -- Spudnut 05/04/2022 8:08PM

So you got that going for you -- HOKIE 05/04/2022 8:03PM

Chumley always quotes movies. You should know that by now. ** -- RoswellGAHokie 05/04/2022 6:42PM

We don’t need no steenking chumlies! ** -- PhotoHokieNC 05/04/2022 7:37PM

Nothing like buying right before the bubble pops. ** -- RoswellGAHokie 05/04/2022 5:03PM

Everything I hear is this is not a housing bubble, at least nothing like 09 -- Tafkam Hokie 05/05/2022 08:50AM

Not sure the policy was good-intentioned, back then... ** -- NokieHokie 05/05/2022 8:32PM

Ha, you ain't lying. I let the bank take my mistake from 2005 back -- TekkNerd 05/05/2022 07:37AM

The rush to beat high mortgage rates is on. -- GreenvilleVT 05/04/2022 6:36PM

Among local prognosticators the CLT is not bubble-proof -- PhotoHokieNC 05/04/2022 5:23PM

I think it will be much sooner. One day we will wake up -- capitals1 05/04/2022 5:34PM

Higher interest rates will help bank centric economies so Charlotte’s -- Hoakie82 05/04/2022 5:50PM

Will tank the stawk market. But it must be raised ** -- ColoVT82 05/04/2022 7:55PM

^^this^^ we’re selling our home this summer so we believe you, not caps. ** -- PhotoHokieNC 05/04/2022 6:02PM

Most people buying in that range are also selling a home. Although it might -- Hoakie82 05/04/2022 5:11PM

Many relocators here come from areas where home like ours are -- PhotoHokieNC 05/04/2022 5:33PM

We want to buy / build a home, but Richmond is beyond stupid-> -- HOKIERIT 05/04/2022 6:51PM

True that. ** -- RoswellGAHokie 05/04/2022 5:11PM

Everything I hear is this is not a housing bubble, at least nothing like 09

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