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New real estate bubble firmly in place. Lets share tips.
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2013 Mar 6, 2:24am 30,243 views 67 comments
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PockyClipsNow
2013 Mar 8, 8:43am
PockyClipsNow
2013 Mar 8, 8:43am
Bubbles been around forever. Jesus was born in a barn because of housing bubble.
I thought the whole Jesus thing was a massive money making bubble scheme that never popped?
Of course. Who gets laid more: an unemployed carpenter or the son of god? Religion is really that simple.
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In all of coastal cali Multiple offers are now the norm for the under 800k or so market. Bay area especially.
I read an article (sorry cant link it on iphone) that in san fernando valley there has typically been 9000 homes listed at this time of year now there are 1400.
We all know why - they keep changing the rules and printing endless money. Fundamentals that matter are supply and availability of zeros and ones on the central banks computers(endless).
What i learned in the last bubble which ramped up for 10 years or so before the crash was not to wait it out. Get in ASAP and buy buy buy then when you got fat profits sell sell sell. I see rising prices for at least the rest of obamas term. But he isnt in charge the bankers are.
I also learned in last bubble not to kill yourself improving your flips. Just do basic paint ,carpet. Let the bubble increase the value not your own hard work.
Anyone else got tips how to behave in a multi year RE up cycle or bubble? Obviously renting is to be avoided at any cost.
#politics