[Carl Johnson]

Originally Posted by Roach

Buying real estate right now is the stock market equivalent of a crowded trade. So many people are purportedly successful real estate investors with a significant number of these individuals holding several properties (positions). The amount of leverage is sometimes astounding.

Reminds of the story of the 1929 Stock Market Crash when the shoe-shine boy was giving stock tips:



WHEN THE SHOESHINE BOYS TALK STOCKS IT WAS A GREAT SELL SIGNAL IN 1929. SO WHAT ARE THE SHOESHINE BOYS TALKING ABOUT NOW? - April 15, 1996

Enter at your own peril, because psychology could change rapidly, signalling a rush for the exits. All IMO of course.

Kev

LMAO at the comparison of buying a home to a crowded trade. Is buying milk and oranges from the grocery store a crowded trade as well? Well I guess it would be if we go by your analogy. To be contrarian just for sake of being a contrarian will get you killed in the investment world pretty quickly.

No big crash is in the cards except on the high-ends folks. People who have being sitting on the sideline for years, this is probably the only freebie Christy Clark will throw at you. Use this uncertain time wisely and buy that home you've always wanted.