$ t1 v3 }; x: `/ o
This is a good explanation to how real estate bubble forms. The market feeds itself to push the prices up, but eventually it will reach turning point, and the bubble bursts. * B0 g& C V! H4 n9 x. z. L: T- v! p s" l0 m8 N5 d( k% T
The risks to the current market: ; i4 E1 c' C% l1) Mortgage rates go up 3 v! j8 ^. v* z" w0 I# K3 C8 o2) Oil price dropps/ R* {, Z0 e# d6 h4 X! s, T* k
3) Less influx$ p) E* ~# b4 |) ^! A
4) Speculators quit