Real estate is a very local market. I'm sure there are examples where prices are at the extreme. Many articles claim that real estate is currently at the next bubble phase. It's hard to figure out right now... I'm in the rental business and rents are good and going higher... That typically doesn't happen during a buying frenzy. As long as our government is setting the supply, demand and cost of money all bets are off in relying on common sense. For various reasons people are paying much more to rent than the cost of property ownership. That makes it good for investors as myself but will also change.
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