Every market period cycles. This one will as well. In the early 1990s it was unbelievable that the market would ever go down. It did. In 2006/7 same idea. Everything's great. Average guy had no idea what was going on in the financial world. Then boom it was over. Same today, we don't know exactly what will cause the boom to end but something will or a combination of things will occur to cause a crash. Here where I live is all it takes to start the domino effect is something that stops or slows new construction and the perception that it will get even slower.
With all due respect... I disagree... in the 1990s, 2006/7 et al... there was still capacity... land and/or natural resources, work, ethics, invention... were wide open to support growth. (i.e. we were GROWING the "Fatted calf").
America is now in a contraction phase... absurd regulations, insane taxes (@ Socialism levels), people actually WANT HOAs... Folks are selling 2 centuries of prosperity... and EATING the "Fatted calf".
This very thread is about $100k/acre land, $300+ SF construction etc.
There is no exit from this... that I can see.
As always... I am open to differing opinions.
