I think residential real estate is a bubble as well. I don’t know if true, or how significant, but REITs and other financial firms were buying many homes at or above asking price.
Zillow has this house up almost 25% from when I bought it two years ago. Now, there are some decent reasons for at least some of that, but I still think it’s absurd. That said, the amount of inflation caused by all the Covid money printing is having a huge effect on hard assets. And there are some location factors working in my favor.
Who knows? 🤷♂️
We live in interesting times.
Oh, and while it has dropped off, for a while there we were getting constant calls and texts wanting to buy our residential real estate assets.
“Would you be interested in selling your house at XYZ Address?”
That sort of thing.
To speak to your last comment. And it has dropped off considerably, for a while there we would get 1-3 a week, week in, week out. It became a bit of a joke between me and the wife. “Just got another one, this time for the ABC house.”
The everything bubble will pop we just don’t know when. Then the government will be last pop. It will be interesting.