Saturday, January 19, 2008

On The Housing Bubble

Sometimes, the fact that everyone seems to be doing something is reason enough not to do it yourself.
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3 comments:

  1. UnknownJanuary 19, 2008 at 4:15 PM

    Interesting post.

    To me it seems like all the cities that had hyper-appreciation of real estate values from 2000 through 2005 are now really taking some major value declines.

    Here in San Diego, I subscribe to: http://www.brokerforyou.com/brokerforyou This San Diego real estate publishes a real tell-it-like-it-is blog. His 12-31-07 post Real Estate Market Predictions for San Diego in 2008 is a realistic idea about what this year will hold for not only San Diego, but, all the cities that had hyper-inflation.

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  2. blakeJanuary 20, 2008 at 12:06 AM

    It was absolutely insane, IMO. And I said that from the moment that the cheapest real estate here started going for $400K-$500K.

    Who can afford that? People obviously make a go of it, but I don't see how you can run an economy when people are putting 2/3rds of their income in to mortgage payments.

    I write this assuming you actually thought my one sentence post was interesting and aren't just trolling for "brokerforyou.com".

    ReplyDelete
  3. blakeJanuary 20, 2008 at 12:06 AM

    Which, frankly, seems unlikely.

    But I guess I should be excited the spambots have found me.

    ReplyDelete

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