housing is in a gigantic bubble now, I have owned my house for a few months, I had to go 15% over asking just to get it(against 15 other bidders), and I checked its value recently and it jumped another 8% in the few months I have owned it. (socal location). Another house in my neighborhood sold for a similar amount as the new value so its spot on. With '08 you had housing in a bubble, this time I feel like cars, housing, medical, college, stocks etc are all way overvalued. I don't know how this will end but I think it will be alot worse than the 2008 crash.
It feels like the several times that I have been going very quickly on my bike, then crashed. It feels amazing and thrilling for a few seconds while you are soaring, then there is a moment when you realize that there is only pavement underneath you and there's no way to avoid the pain, but in the moment you are just magically floating.
