What would an end to the real estate boom mean to the US economy? I'm not a believer whatsoever in the "soundness" of our economy. I've seen way too many people living beyond their means and indulging in the "good life" because they somehow felt wealthy because of the great gift of home appreciation from Alan "Mr. Bubbles" Greenspan.
Can they keep it going forever?
I can't get believe a couple I know who bought a 3 bedroom slab in Florida 3 years ago for $200,000. People are now tripping over themselves to buy it for $450,000!! It looks SOOOOO easy to make a fortune in real estate....doesn't it??
Sure is good for the economy though if it lasts forever. Those hurricanes sure stir up economic growth too!
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