A place for residents of Marin County, CA and others to express their views regarding the real estate bubble and in particular the Marin real estate market
Tuesday, August 23, 2005
Condo Market Showing Signs of Weakness
According to this article, the condo market is on its way to popping. Condos are the last to go into a frenzy during a RE bubble. But what got me was this quote from the head RE cheerleader, David Lereah (emphasis mine): "Has the condo market peaked? 'Maybe,' said David Lereah. 'We may be seeing some of the air come out of the condo balloon.' "
So he is on record as claiming there is no housing bubble but given the latest facts the closest he can bring himself to saying "bubble" is "balloon".
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