[topkai22]

2009 was near the bottom of the housing crisis in the US. You picked a really good time to build. While housing prices are likely overheated, it’s not where we were in 2007, at least adjusted for inflation.

Prices are high because of stupid low interest rates, an economy that had been strong till March, and probably a few demographic trends (echo boomers finally having kids).

When we pay the piper for this crisis I think we’ll see prices drop, but not at 2008 levels