yzfr1 wrote:The fact that inventory is still moving is big, despite all the changes in rules / tax / bubble talk. Over 2,000 transaction still occurred. I would be worried if it was 25 sales...
This is a good sign, a slow steady decline is needed to try and balance things out. Everyone knows it's not healthy for just massive appreciation without breathing room.
I would not even blink an eye if prices dropped down 15% slowly next year. I know the bears are still hoping for a catastrophic crash... but I hope and think that we can see a soft landing.
Its not that well known but some people(forgot the name) promote speculation. Get out high lol. Instead of gambling like that. buy a place live in it, rent out the basement, and sell it tax free later. Never mind this Market Timing(tm)