Grab your ass with both hands and hold on tight.

THE AVERAGE PRICE OF A HOUSE WENT UP ONE HUNDRED THOUSAND DOLLARS IN ONE YEAR.

Absolute fucking insanity.

When that particular bubble pops there are going to be thousands of people who will suddenly find themselves upside down after this last year of intense house buying that caused this.

The part no one seems to get that is the really insidious aspect of this is that their property tax evaluations are going to reflect this insanity very quickly as there is one thing the government is really good at and that is sticking their hands in your pockets.

When the prices start coming back down to reality, not only are they going to be upside down in their mortgages, the government is going to be very slow as usual to drop their valuations so their property tax bills are going to be brutal.

It is so bad around here that even old two bedroom mobile homes in the parks are asking 150K at this point.

Stuff that was going for $85-$100 K one year ago.

Take this almost forty year old manufactured home for example.

Impressive, no?

Built in 1984.

In 2014 it was estimated to be worth $50,000.

Now take a look at this, even a year ago it was $100,000.

You can see the bubble being pumped up quite easily in that graph.

Let’s not forget the space rent, which has also gone through the roof around here over the past few years.

That has gotten so high that I have seen news stories about people on fixed incomes, who have paid off their mortgage and own the home, who are getting priced out by the rate increases.

Some space rentals around here have approached what it used to cost to rent an apartment in this area a few years ago.

So this Real Estate Bubble has had several trickle down effects.

I have literally been waiting for the bubble to pop in this area for at least eight or nine years but it just keeps getting bigger and bigger and bigger.

It literally defies belief.

I see it has finally started to taper off just recently but I still firmly believe it has a long ways to go before it finds the bottom again.

When it does, there are going to be a shit ton of mortgage defaults littering the market along with it.

Just like in 2009-2010.

Yeah yeah, before anyone corrects me, I mistakenly called the Z axis the X axis.

I have a hard time thinking, talking and trying to use my phone as a camera all at the same time.

If I had any Bubblegum it wouldn’t get done at all.

The dumb bitch is back spamming the joint.

Have some cheap entertainment on her behalf.