Quote:
Originally Posted by sedated
Hoping a bubble bursts might be too much, but I've bid on 2 houses recently - 25% over asking - and lost because someone else did the same while waiving inspection and appraisal. Is it really too much to ask to not have to blindly throw a ton of cash at someone to get a house? Apparently not because in both cases there were over 10 offers within 24 hours.
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The bubble won't burst, but I do think once interest rates rise again there will be a slow down. The incentive is to buy now while rates are very low. People waiving that stuff is ridiculous and is a bad move, but also shows the desperation in trying to get a home no matter the cost.