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.


  1. 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: 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.

  2. 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 "".

  3. Which, frankly, seems unlikely.

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


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