Sometimes it takes going away for awhile and coming back to actually notice changes. I come back "home" to New Jersey's exit 100 once a year. My family lives in the area, so I make an effort to visit on a regular basis. I left many years ago, choosing the western lifestyle of living over the eastern.
Over the years, I've alway noticed changes in the area. Some building here and there, old restaurants replaced with new, just normal stuff. But this trip the changes are much more dramatic.
Everywhere we went today, I noticed new homes. The scraping of lots and building of really nice new homes was obvious everywhere. Down by the beach, it seems real estate finally got noticed. Grand new homes have popped up, costing a more than a pretty penny for ocean views I'm sure!
All of this facelifting is really exciting. For awhile I though everyone around here was satisfied with status quo. Now I know that's not true. We have been living in very good times. Many people have leveraged themselves into some very nice real estate.
So if you are worrying about a bubble, bust, or a crash. Stop and look around. Can a prudent person expect this sort of market to continue? Adjustments will be made, but as far as I can see, there's no looking back, we come too far. We may slow down or slightly stall, but housing is what makes the U.S. different than any other country in the world. We have it, we expect it, it's part of our way of living.
Overall, we have risen a few notches in both improving the landscape and value, now we can cruise for awhile. So relax, everything is fine. Actually we are far better off than before.
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