I'm no expert either, although I do know a Disasturbationist when I see one. Eventually they are always right because they preach that the sky is falling for years until it finally happens. This guy has an App centered around figuring out if your market is oversold or not, which shows that he has a financial incentive to push this type of content.Thanks. Real estate one of my biggest downfalls in knowledge department. Admittedly, I know a lot about architecture but jack sh!t about real estate. But always looking for next potential market swing.
Inventory relative to demand is still the primary driver of pricing. Think about the pockets of the California coast that are super desirable- you are talking handfuls of square miles at best in some counties. Then think about how many people want to buy in.