Oops, Maybe Not a Bubble Everywhere
by Osman Parvez
Looks like the New York Times is finally catching on. No Virginia, it’s not a bubble everywhere! If you don’t happen to live in Boston, New York, Washington DC, or anywhere along the California coastline it may actually be cheaper to buy a home now than twenty years ago. That’s in real dollar terms (the terms that matter).
I believe the “widespread sense” that buying a home more expensive is misguided. Alas, for the most part I expect to see an up-tick in sensationalized “bubble bursting carnage” stories from the mainstream media in the coming months.
Meanwhile, the entry point for the housing market in our region has many opportunities for first time buyers. The last few deals we’ve put on the table have been under $200,000 for multi bedroom properties.
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The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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Osman was a refreshingly honest realtor. He stressed through the entire process that his goal was to make me happy with my home purchase. I greatly appreciated the fact that he never shied away from pointing out the negatives as well as the pluses of different places while leaving the final decision up to me.
We can highly recommend Sophie. Her attention to detail and communication skills are great. Our home was in area that most realtors are not familiar with, but Sophie took extra time to get to know the neighborhood in order to give us quality service. She also brought in a professional photographer to make our home look its best. Even though the listing was in winter, the house sold quickly. With Sophie’s business and people skills, we have no doubt she will be a top realtor in the area.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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