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is there really a bubble when the land supply is exhausted, and demand is growing?
Prices may stagnate for a few years, I doubt they'll go down, if anything I think the rise will continue to a point where growth rates stable out again - I'd say we are maybe 18-24 months from that point. I've spoken to many real estate buddies of mine who all say the same thing. Relative to Europe, USA is just catching up.
The mass majority of people today would probably say there will be a bubble burst, and usually the mass majority is wrong.
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