Real estate booms don’t always lead to busts

by | BiggerPockets.com

According to an article at the Boston Globe, only 17 percent of all housing booms have ended up in busts (FDC source). It goes on to talk about how in this market there are so many investors buying property with no intention of occupying it themselves or with renters – speculation has driven the market. In addition, they discuss all the new mortgage products being introduced as a lead to further real estate speculation.

I just find it so interesting thinking about how insane growth in the housing market looks like the insane growth in the stock market in the late 90’s. I heed caution, and ride the wave with a smile.

Invest wisely . . .

About Author

Joshua Dorkin

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

1 Comment

  1. Barrett Niehus on

    The question now is: what will be the next big boom? We have had the technology and stock boom that ended in 1999 as money was moved from the volotile stock marketing and into real estate. Now that the real estate boom is over, what new vehicle will draw all of the money. Where will the next boom be?

    -BN at 4MySales.com

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