GotApex? Forums - View Single Post - A rise in interest rates could burst housing market bubble

Chgoman · 03-17-2004, 11:45 AM

Most of Southern California is already like that. It's been a sellers market for about 2 years already and recently I've seen many properties increase 10% in value in the last few months as there are so few homes on the market, buyers are in a frenzy to get a place.

JackHammer, if you are thinking about buying, just make sure you can afford what you buy. People have been saying that the market is at the peak and will fall soon for the last 2 years and it's continued up at record rates. It may fall soon or it may not be for a few years, noone really knows. As long as you find a property that you like and can afford, you will enjoy it and even if the market does fall, you can wait it out as long as you like where you live.

03-17-2004, 11:45 AM	#7
Chgoman Lieutenant Commander Join Date: Apr 2002 Location: Mission Viejo, CA Posts: 696	Most of Southern California is already like that. It's been a sellers market for about 2 years already and recently I've seen many properties increase 10% in value in the last few months as there are so few homes on the market, buyers are in a frenzy to get a place. JackHammer, if you are thinking about buying, just make sure you can afford what you buy. People have been saying that the market is at the peak and will fall soon for the last 2 years and it's continued up at record rates. It may fall soon or it may not be for a few years, noone really knows. As long as you find a property that you like and can afford, you will enjoy it and even if the market does fall, you can wait it out as long as you like where you live.