They are saying that market just can't sustain this level of growth and appreciation much longer, and I hear them say that it is inevitable that it must come crashing down soon. People are worried. They don't think it can last; That whatever goes up, must come down.

These folks have been conditioned to believe what they believe most likely from experience of stock market bubble of 2000, and maybe 1990's when real estate market was hit hard in many large metropolitan areas across country.

Its human nature to feel this way. We all know saying (or 80's tune for you big hair folks), "Once Bitten, Twice Shy". Or what about, "All good things must come to an end."? Its how we react to almost everything that affects our well being and general safety. Its a subconscious reaction at gut level.

Just like in stock market, there are bulls and bears. Bulls are typically more optimistic about market and expect it go up, and bears are generally more pessimistic and expect market to go down. They will always be there to provide free advice and "expert consulting". Remember though, who you decide to listen to will certainly have an effect on your decision making, and ultimately your success.

Well, I'm here to say that there is no real estate bubble! There never was a real estate bubble. Its a complete and utter fallacy.

"How can I say that?" you ask. I can say that because real estate market is in reality, a Wave. Its a cycle, and we just happen to be riding big swells, or crest of this long, consistent, and fairly predictable pattern.

There is no doubt that real estate has been a rock solid investment for decades, and will continue to be for foreseeable future and for many reasons that I would like to demonstrate here and now. Because you, as a real estate investor, must be able to move forward with confidence when deciding which projects and properties you want to buy and sell. That is purpose of my website, www.realestateinvestment.net, to provide you timely information, strategies and techniques to help you succeed.

But first, what is a bubble? In terms of economics and markets, best definition is probably something along lines of "an isolated or ephemeral situation or condition with little support or substantiation from external conditions".

The best example, and one foremost in minds of us all, is stock market tech bubble of 1999 and 2000. We all rushed into tech stocks and stock market in general as we saw .com millionaires being made.

Y2K was a big factor in tech bubble. People were buying new systems at a unprecedented rate in order to prepare for doomsday. People were also buying consumable goods to stock up for dreadful event that never came.

So what was holding up, or supporting "irrational exuberance" as Alan Greenspan characterized it? Well, we learned soon afterward, not much. It was an isolated, temporary incident that had little support from other conditions. It was indeed like a bubble that burst.

And it has had little support since then. Historically speaking, after stock market crash of 1929 and 1987, it took decades for market to recover, although it did eventually recover. Just look at Dow average and S&P average for last hundred years and see pattern of recovery. You can be sure that a slow steady rise for stocks is in progress.

Now back to real estate. Let me explain why this is not a bubble.

Now don't get me wrong. I spent many, many years training Customer Service Reps. (CSR's). I'm all for making sure customers receive best possible service. What I'm not for is pre-scripted list of questions CSR's are required to ask, regardless of whether they are applicable to situation at hand. I've seen some checklists with as many as 25 pre-scripted "call quality" standards that CSR's are required to use. If they don't, and someone happens to monitor call, they get marked down. Ludicrous I say!

Let me give you a few highlights from a recent call I made to my well-known auto club:

CSR: What is year, make and model of your vehicle? Me: 2000, GMC, Yukon, Denali CSR: There is no 2000, GMC, Yukon, Denali (obviously it couldn't be found in her list of computer options so she needed to tell me I was wrong) Me: Yes there is, I drive it every day CSR: What's wrong with your vehicle? Me: I don't know. It won't start. CSR: Does it need to be towed or jumped? Me: I don't know. I don't know what's wrong with it. CSR: Well do you think it needs to be towed or jumped? Me: I have no clue. CSR: Where is your vehicle? Me: In my garage. CSR: Can you push it out of garage into driveway or street? Me: No. It's a full size SUV. I can't push it anywhere. CSR: Is there another way you can get it out of garage? Me: No. It won't start.

Eventually, after I'd jumped through enough hoops, call finally ended.

Chances are it wasn't CSR's idea to get her laughs for day by asking me stupid questions. Instead, her own company sabotaged her ability to quickly and efficiently take care of her customer, by requiring she use a scripted questioning process.