03-18-2013 07:32 PM
I have a feeling it already started. Any decent house in a good suburb is getting multiple offers, the bidding war starts, and it goes away in less than a week. This really reminds me of 2004.
03-19-2013 01:08 PM
Agreed. Especially when there is so little being made available on the market. It feels like the housing bubble all over again. I'm wondering if it's foolish to buy right now and just hold off for a few years. However what's different is that rents are astronomical. You're really between a rock and a hard place.