"Chickens" of all sizes including Chicken Little can be found even if one is not searching.  As for polls, does it really matter what I think in the "greater scheme"?  

It is an interesting article.  All I have heard here in CA is that it will take years to get enough homes built if we start now.  I imagine if interest rates rocket up, there could be a problem, but it is hard to predict.  I am selling two of my smaller properties.  As a market rises, I always take a little off the table.

I kind of like the annoying LinkedIn polls.

Thank you for the article.

Oh the experts keep on making stuff up.  Heard yet another media expert this morning say that the 'dirty little secret' is that everyone has plenty of cash on hand to pay for high gas prices, meat etc.  Tell that to the family living paycheck to paycheck with kids to feed.

As for LinkedIn I spend very little time there these days and it's fine by me.

Good Morning, Caroline Gerardo 

Everyone has an opinion about something. There are many self-appointed "experts" in the world. 

Too much bad/wrong/incorrect information that people hang their hats on as though it were true.  Many make decisions based on false information. 

I am on LinkedIn - but not enough to have been annoyed by any polls. 

I've been saying for years that those fog a mirror loans are back, as soon as I saw the stated income and bank statement ones come back.  We haven't learned from history, so we're doomed to repeat it.

I think there are so many things at play right now. Many people are buying homes as Airbnbs since people are choosing those vs. hotels or staying with family. The vacation home market is up too. Even though the market isn't as intense as it was a couple months ago, homes are still selling above market price and with multiple offers. New construction just can't close quickly enough, their service isn't great for many builders, and they are still having difficulty getting products. People are living longer and staying in their homes longer. We had pent up demand from millennials. 

Rental prices have gone up significantly in our area. These people could pay a mortgage if only they could save for a down payment. What concerns me is if interest rates do go up, there will be people at lower income levels who might not be able to purchase a home.

In our area, locals feel they're being priced out of homes by people moving to the area with more money and who are accustom to bidding wars. I see people constantly complaining about this online. Our area is adding jobs and the population is rising significantly just like Dallas and Austin. There are people coming from areas where they can't afford a house from where they're moving who are buying in our area. So for now, yes we do have a housing shortage. 

All that to say, the housing market is historically up and down. You're bound to get it right some of the time. I'm trying to educate my clients so they can keep their house in a down market should that happen. Because, it will happen. It's a matter of when.

I know that a severe lack of inventory has impacted home sales and driven prices up - and often multiple offers.  Sellers will pick the buyer with the best overall offer - and if cash, that over those with loans.  I do not see us falling into another housing crisis like we saw in 2008-2011. 

Please tell me the NINA/SISA loans are not making a comeback!  I hope they are not allowing 100% financing.  I can see it with 25% down.  I hope you are not seeing loan requests from self dealing Realtors, who have been licensed maybe a month or two, who are claiming to make $250,000/year.  

I've never taken a poll in LinkedIn. I change my settings if I were you.

Seems anyone can put up an article to get some traction and attention. Not interested in fake news. Have not been on LinkedIn in a while.

Read the article and

#1, there were SO many people who called the '08 crash - including my brother-in-law who was a lender. He called it a year before it happened! I'm not impressed that she 'called' it!!

#2 - Thankfully I live in an area that was the last to fall and the first to recover during The Great Recession. I never had one client who I had sold a home to, that lost their home - in any form of a distressed sale (foreclosure or short sale). Our preferred lenders are NOT offering no-doc loans. In fact, we see plenty of buyers who are turned down for mortgages - thankfully (they are obviously NOT ready to be homeowners)! 

#3 - I've never been a 'believe in the news' person. I keep my ear to the ground and am actively IN the 'numbers' each and every day, as well as working actively FULL-TIME in the business. Meaning, I know what is going on in my area and am all about protecting my clients...who, by the way, 43% of them are paying cash. 90+% of the remaining clients have enough equity in their current home to purchase a new home with 20+% down without adding any additional investment $$. You can't argue with that!

Lastly, I am on LinkedIn and have not been hounded about polls but, I would probably skip on by them unless they were of interest to me! LOL

Caroline,

We are on the same wave length that Michael Jacobs is on.  I remember the mirror test from days gone by.  As for Linked-In, they are not often in my world.  It seems to me that the new owners are busy justifying their existence and tryin to find out who they are.  A

There are always forces for the good and not so good at work. Our task is to learn to navigate through it all

I could not bring myself to read the entire article. One statement stood out:  “We have a pipeline of activity that actually would put us in an overbuilt situation relative to normalized demand.”

"Normalized demand"! What the heck is that? I submit that we are not in a market of "normalized demand" which make alls of her pronouncements seem silly.

I unplugged my LinkedIn quite a ways back, I got so sick of the spam.

Warning Clickbait!!!  KEITH LARSEN has his head up his butt. 

Barry Habib and Dr. Lawrence Yun contradict this as well as Brian Buffini. And Ivy Zelman wishes she called the crash. A broken clock is correct twice per day.

If subprime does still exist, it doesn't in San Diego, I haven't seen one in over 10 years. Loans around here are like getting a colenoscopy during an IRS audit.

Well, good thing I have a couple cash buyers buying up homes!  

It is important to study cycles, more important to actually learn from them and adjust policies.

I"m on LI but not active there~ any use to invest my time in LI? Anyone had a good productive experience?