The mortgages back in the mid 2000’s contributed to the bubble, but I think any time there is a rise in prices, especially if it’s from investors and second homes, the market gets precarious. That’s my concern I guess. I don’t like prices to go way up, because they often go way down eventually.
If it gets hard to afford a house, or investors worry flips won’t pay off, or that rents won’t cover the investment, if they start to pull back, housing sakes slow, the housing supply goes up, and prices fall.
It might just be what I’m feeling in my pocket of the world right now. I looked up my house I owned back when I lived in Delray Beach, FL, and I was shocked to see it lists for less than what I sold it for in 2005. It still hasn’t come completely back, while in my current part of Florida the houses are completely recovered and the prices are accelerating.