Wednesday, October 19, 2005

Is a "Bubble" Imminent?

We keep hearing that "there has to be a bubble soon"! Well, I just don't think so. Tyler, Texas real estate, and East Texas real estate, are still very strong. And interest rates are still low. Could be that a few markets around the country may reach a saturation point in terms of pricing, but not here; not yet.

Some may say that inflation is rising. I think bad management and hurricanes are the reason for recent inflationary pressures. Could be that building materials and oil are solely responsible. Cut people loose from governmental controls and intervention, and those issues will disappear.

As soon as anything decent hits the market here, there are three or four offers on the table very quickly. Lots of folks want to come here from other places. And it looks like we can accomodate them!

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