Uber Drivers & Real Estate Bubbles

A real estate bubble is more than just expensive real estate, it is when:

  1. Prices rise to extremely high levels extremely fast
  2. Investors, home buyers, taxi drivers and almost everyone else is optimistic and feel that ‘buy in San Diego,the prices will never go down’ is sound advice

Although I did pause and reflect for a second when get handed a ‘I am a real estate agent business card’ from a Uber driver*, I still believe we are not yet in a bubble and here is why:

  • In 2003-2005 prices went up over 60%(see below graph)
  • In the past 3 years, prices have gone up less than 25% (see below graph YTD 2018 not shown, but was another 5% increase in prices)

This graph best illustrates why we are not in a bubble yet.

In summary, the market will remain stable with a slower price increase until at least the end of Summer 2018.

*Due to such a low barrier of entry into the real estate business, primarily the fault of the CA Association of Realtors wanting more income , almost everyone knows a real estate agent. When the market is up, so are the number of real estate agents. This also means that unprofessional real estate agent activity is plentiful…Just remember your choice of real estate agent should be based 99% on the agent’s track record.

 

Success Stories

‘He has been there anytime I needed him and I know if I need him again he would be there too. Brad gave 100% from the first time he called me till the sale was done.’

-Jim V.

‘We really felt like Brad was on our side throughout the transaction and knew how to navigate the process calmly and effectively’

-Curt and Kim C

‘If you are skeptical on a realtor look no further. You will get what you want and when you want it with Brad. His knowledge on this market is second to none. The most unusual thing about this transaction is his exceptional follow up thru out the entire process, and even after we’ve moved in and got settled. He is one of a kind in this market and this profession’

-Scott & Allison T.

‘Thanks to Brad Brinkman and his team we now have a beautiful new home and a great investment into our future.’

-Ryan & Amanda F.

‘He found my house for me when others could not, in a location that I thought would be impossible. His aggressiveness has given me the opportunity to live in a fantastic place.’

-Trace H., Pilot Hawaiian Airlines., U.S. Navy Pilot

‘You made it easy for us to make this move into our new home because you took on all the worries, handling our transaction with skill and expertise. Specifically we were impressed with your approach to business, treating each and every customer as you treated us; as though we were your most important clients’

-Marcie V.

‘He made each transaction very smooth and it was great peace of mind knowing I could count on him.’

-Rebecca W.