Why we are not in a housing bubble

In the past few months, I’ve had a number of people ask if we were in a housing bubble. In fact several have argued with me. The biggest reason I believe we are not in a bubble is simple: Supply vs Demand. We simply do not have enough houses to meet the demands of our population. And supply chain issues are slowing the production of new houses. Will the rate of appreciation slow down at some point as people get priced out if the market? Yes- but experts believe that there will not be a huge devaluation of properties like in 2007/2008 because circumstances are different. Below is a link to a great article explaining some of this.

https://realwealth.com/learn/3-reasons-why-we-are-not-in-a-housing-bubble/