I was reading that in Reno the median house value went up 17% since last quarter.
I went looking for other data in growing markets and found about the same 10-19% growth in the last quarter.
WTF? How is this at all sustainable? Nothing, not even ponzi schemes, has that amount of return.
I keep waiting for the bubble to burst, I was hoping it would happen the last year of Obama's term, so at least he could set the right direction, but now we're in Trump country, and when this bursts, I have 0% confidence that he'll be able to keep the economy from imploding when the next shoe falls in this.