[jswirs]

Originally Posted by Koapaka

For those wondering if this housing market will slow down or stop anytime soon, interesting read.

America is short more than 5 million homes, study says

What goes up, must come down. Case in point: We bought a house in Ocean City, NJ, in the mid-90's. By the year 2000 the value of that house was escalating by about $50,000.00 per year. About 6 years later the bubble broke, and what was worth, at one time, about about $640,000.00 dropped to about $450,000.00. Still, MUCH more that what we paid in the mid-90's, but yes, I believe this bubble will also break as well.