Real estate booms don’t always lead to busts

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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 (@jrdorkin, Google+) founded BiggerPockets.com when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.

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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