The return of the housing bubble - new and improved scams to re-engineer the bubble

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I'm in DC, and I'm buying an investment property right now. The last three that I bid on (two in DC proper and one in Springfield, just south of DC) were grabbed by cash investors at full price + .

I have made two offers in the Chicago area in the last month, for asking price plus 5-8% typically. All offers went to asking + 10-15% above, to mostly cash investor offers.

The inventory shortage has raised prices of 2BDRM 2BATH condos 100K in some cases over the last 6 months. People are beginning to charge 25-30K for parking spaces downtime now, whereas they have been thrown in during the last 4 years.

Welcome back bubble, welcome back.

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