Do you think we are having a housing bubble?

Discussion in 'Business & Economics' started by Joeman, Jul 22, 2002.

  1. Joeman Eviiiiiiiil Clown Registered Senior Member

    According to this article, the author doesn't think so.

    I am thinking about making the most expensive purchase of my life. I need some opinions here.

    According to the article, in twin cities are the average income increased 10% over last 5 years but housing price increased 33%. All the houses I looked at in the suburbs are over 200k. I am afraid of another nasdaq like bubble here.

    Also I don't know if I should go for fixed interest rates for 30 years or lower fixed rate for 5 years and than variable. I don't think I will live in MN for more than 5 years. Probably another 2 years maximum.

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