The millennials who were priced out of the market in the lead up to and during the COVID inflation bubble kept renting and dumped their money into the stock market.

https://shorturl.at/0adHXThe author lays out his argument that the housing market may be on the cusp of another major downturn. Rising rates, affordability stress, and valuations detached from fundamentals are flashin...

Adding to what others have said here - we are not in an "everything bubble" as some have said.

My guess is they think what they are doing is permitted or within their rights and they are living within a bubble. 

Rejection is baked into the job description.Pivots Happen — a LotEven when you get the contract, don’t pop the champagne just yet.Buyers back out.

Fortunately I think that real estate serves as somewhat of a hedge against some of the bubbles.

I'm not sure how much prices will drop but from what I understand there aren't the unscrupulous loan concerns that contributed to previous housing bubble crash.

A few of the east coast beach areas near me are almost starting to feel like a bubble. 

Right after the contract with CRS ended I got a long term lease signed for 3 yrs (Husb wife and toddler) Fast foward 1.5 yrs  from the contract ended with CRS, signs of waterbacking up here are there started .At first it was backing up in the sinks ,then it started bubbling in commodes when commodes are flushed .We would do a plunger and it took care of it .One day the entire standing shower and tub shower backed up with poop.Now it was serious so we did a professional sewer scope and found feminine products clogging up the main sewer line .It was an expensive 11k repair .Had to dig up the main line in back yard and cut out a section as homedepot professional grade snake was not able to clear the line .Once the section of sewer line was cut it was found as tampon clog.The tampons were identified by the plumbing company to be 1 +yrs old .I contacted CRS about this and they  denied and refused to make a damage payment .I had to eat it up.

Not to mention that there's likely a huge bubble there that could explode like it already did in Dubai.