Which is why it won't happen. Big boys ain't selling kids, go back to sleep.

time will tell

I ended up buying in anyways…mortgage the same amount as my rent was

This is why it won’t crash anytime soon.

Last 10 days Interest rates shot up .50% , people will be pushed out the market. Less demand- will cause others to drop their current home prices- once some do- others will follow suit.

You can check it out for yourself 30 year average rate is now 3.74% 10 days ago 3.15-3.20
15 year rates went from 2.79 to 3.20 now as well.

History repeats itself- a fact I knew all too well for my many centuries of living

Too many single people who need their own place. No more nuclear families living under one roof.

Lots of money already printed and circulating

“The four most dangerous words in investing are: 'This time it's different.'” - Sir John Templeton

Idk if it'll crash, but the shortage that's partially driving up prices is in large part due to people not listing their homes for sale. It's not like 80% of homes disappeared since 2020, they're still there, just way less are for sale.

There's a lot of building going on now too, so there will be even more inventory than ever before. The whole country isn't California where there are strict and expensive building codes, along with NIMBY laws and limiting geographical constraints. There's pretty much unlimited room to build in most of the country, including some of the most overblown markets.

Not all economists believe in bubbles.

Those that do generally agree some external factor is required to “prick” the bubble.

Rising interest rates do not cause home foreclosures.

Foreclosures occur when people lose their jobs altogether and can’t make the payment at all.

Of course this only affects people that owe significant amounts on their mortgage.

If people aren’t forced to sell at a loss, they won’t.

Unemployment wasn’t very high going into the pandemic and now that a significant number of people have died, employers are scrambling for labour.

Re: real estate, flight to safety and investors coming back into the market, but will vet tenants very carefully to ensure security of income

TLDR: prices up, wages up (but not as much) company profits up, rents waaaaaay up, real estate up.