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Old 04-14-2015, 12:42 PM
 
2,409 posts, read 2,622,045 times
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Quote:
Originally Posted by Timmyy View Post
You should see all the houses going up off of Lincoln in the Meridian area and in Parker. Non-stop construction.

If there is a bubble it is not going to burst for quite some time.
Serial construction is actually one of the signs of a bubble about to burst. Case in point: Las Vegas in 2007.
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Old 04-14-2015, 12:49 PM
 
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Quote:
Originally Posted by AmFest View Post
Serial construction is actually one of the signs of a bubble about to burst. Case in point: Las Vegas in 2007.

So do you think a bubble/burst is on the way?
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Old 04-14-2015, 12:54 PM
Status: "Celebrating 30 years as a Broker" (set 8 days ago)
 
Location: Just south of Denver since 1989
10,876 posts, read 29,272,530 times
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More inventory than can be absorbed, high unemployment and no access to money contribute to bubble bursting.
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Old 04-14-2015, 01:04 PM
 
87 posts, read 85,996 times
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Quote:
Originally Posted by Timmyy View Post
But the Cardinals are a perennial power house.
This may seem like a shock to many, but I'm not a cardinals fan even though I've lived here pretty much my whole life. That may be another reason I really don't mind leaving STL. Baseball's not my thing, lets go Blues
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Old 04-14-2015, 01:12 PM
 
Location: Denver, CO - Capitol Hill
557 posts, read 664,165 times
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Quote:
Originally Posted by 2bindenver View Post
More inventory than can be absorbed, high unemployment and no access to money contribute to bubble bursting.
The voice of reason. It won't let me rep you anymore.
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Old 04-14-2015, 01:33 PM
 
Location: In The Thin Air
12,227 posts, read 8,002,030 times
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Quote:
Originally Posted by 2bindenver View Post
More inventory than can be absorbed, high unemployment and no access to money contribute to bubble bursting.
None of that here.
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Old 04-14-2015, 01:34 PM
 
Location: In The Thin Air
12,227 posts, read 8,002,030 times
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Quote:
Originally Posted by AmFest View Post
Serial construction is actually one of the signs of a bubble about to burst. Case in point: Las Vegas in 2007.
My sister and my parents both owned properties during that time. Vegas has made quite the comeback since then.
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Old 04-14-2015, 02:39 PM
 
2,409 posts, read 2,622,045 times
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Quote:
Originally Posted by 2bindenver View Post
More inventory than can be absorbed, high unemployment and no access to money contribute to bubble bursting.
When these are happening, the bubble will have already burst. This would be 2008. Serial construction, low unemployment rate, and easy access to money inflate the bubble. This would be 2005-2007.

When the bubble gets too big, it will burst. As to when the bubble gets big enough, who knows? I'll pay a million dollars to whoever can tell me the precise time; I could make millions then to make up for it.

But what I can tell is that the housing landscape will become much different after 2 years. A beer says rent will stabilize by the end of 2015. Everyone (limited to the first 5 to respond) is welcome to this bet.
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Old 04-14-2015, 02:59 PM
 
Location: In The Thin Air
12,227 posts, read 8,002,030 times
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Quote:
Originally Posted by AmFest View Post
When these are happening, the bubble will have already burst. This would be 2008. Serial construction, low unemployment rate, and easy access to money inflate the bubble. This would be 2005-2007.

When the bubble gets too big, it will burst. As to when the bubble gets big enough, who knows? I'll pay a million dollars to whoever can tell me the precise time; I could make millions then to make up for it.

But what I can tell is that the housing landscape will become much different after 2 years. A beer says rent will stabilize by the end of 2015. Everyone (limited to the first 5 to respond) is welcome to this bet.
I will take that bet. I think they will keep going up into next year.
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Old 04-14-2015, 03:10 PM
 
2,409 posts, read 2,622,045 times
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Quote:
Originally Posted by Timmyy View Post
I will take that bet. I think they will keep going up into next year.
4 spots left.
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