"The prices are at the top again and no one can afford to buy or rent. We are clearly at the top and the bubble is going to have to burst AGAIN. It’s a cycle – we were here with houses 5-6 years ago; everyone was in foreclosure and now those houses are selling for 40-60% of their value 5 years ago. It’s insane and can’t be sustained. People making 6 figure+ incomes can’t afford to buy or rent. Something has to give. Oh, and the stock market bubble has burst so it’s going down. Don’t buy now – wait – the rental market will have to give as well because no one can afford the outrageous rents."
- Michelle, on Homes sold in California held back by pricing, future rate increases
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