“One of my friends is currently on a 1-year long maternity leave. Hubby is a realtor and has not closed a deal for quite some time now (and being very frustrated about it). I don’t know if this is because they can no longer pay the mortgage or because he sees the writing on the wall (probably a bit of both), but they’ve just put their 2-br-$800K condo up for sale (good luck with that one in this market!).
It’s funny how quickly things change. Just a year ago, I was ridiculed during a conversation for just mentioning that maybe the RE market was over-inflated, that maybe a correction might eventually occur, and that flipping a property at this point might not be a good idea. Oh well, I may not sound so stupid anymore, I guess…”
– Makaya at VCI 16 Oct 2012 2:47pm
Awareness of the bubble is going mainstream.