Cap rates are going to have to return to normal because interest rates are continuing to bubble up.

The curfew is continuing today so the situation can return to normal quickly.

A lot of these people have been owners for a long time and are flat-out tired of the hassles of directly owning real estate.

It's sort of like a teeter-totter; when interest rates go down, prices go up.

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.

Everyone is normal until you get to know them