Even when the real estate bubble was not such a popular thing to talk about, people considered it such a threat. Most buyers and sellers are fearful of investing in real estate because they feel sooner or later there will be a bubble and they will have to lose all the money.
Merit To The Topic
It is absolutely subjective whether or not you consider this to be a topic that has any merit at all. Some people fell that the scare is right there and in your face whereas others find it hilarious that such fears exist in a market that can never go down. Like any other market, real estate too has seen good and bad phases. There will be times and have been times in the past when things were bad. This, however, did not last long and soon people were buying homes again.
The real picture of any market is that it is never stable forever. There are times when demands are higher than other times. If after a boom, there is a slow down, it should not be seen as a bubble burst but more as what it is, a slow down.
Holding On To Assets
If you observe any other market, the advice always is to hold on to it till there is enough appreciation for it to be sold. Consider stock market as the first example. Whenever you have ample stocks, you will always be told to hold on to the stocks till the value gets appreciated and you can sell it in profit. No one calls it a burst then.
Think in terms of holding gold. Many people buy gold when the prices are low and sell it when they increase. When the prices go low, no one sees it as a burst but in fact a chance to buy more and hold on to it till the value increases.
The Bubble As A Chance
Even if there is a slight inflation in the market and there are properties that are rising in prices, it is actually still a good chance to make money. With the interest rates going up and the demands decreasing, there will be sellers who are willing to settle for a lower price. This is an opportunity for you to make money even when the market tells you otherwise.
In the end, like all other markets, holding on to the property to sell later is a good idea for real estate as well.