I wouldn’t be surprised if we’re not weeks and months away from a repeat of 2008. I’ve been in the mortgage industry since 1978. I’ve seen home loan interest rates from as little as 2% all the way up to 21%. I’ve seen home prices doubled in value in a matter of years and then fall like a rock in a matter of months.
And everything I’ve seen up to this point does not look good about the market in the coming months. I wouldn’t be surprised if a housing crisis of 2021 is twice as bad as what we saw in 2008.
Someone here commented in the last week or so that bubbles don’t pop during a shortage. I’ve included that into my strategy now - not that I have a strategy ; )