It looks like the bubbles (or are they balloons now?) are beginning to pop as reviewed here, here, and here over at The Housing Bubble 2 blog. We'll know better in the Spring. Is the Bay Area immune? If the real estate world falls apart around us will it have no effect on us? I seriously doubt it, but what do I know? Japan has a scarcity of land too but that didn't stop their bubble from busting.
Friday, January 27, 2006
Pop?
It looks like the bubbles (or are they balloons now?) are beginning to pop as reviewed here, here, and here over at The Housing Bubble 2 blog. We'll know better in the Spring. Is the Bay Area immune? If the real estate world falls apart around us will it have no effect on us? I seriously doubt it, but what do I know? Japan has a scarcity of land too but that didn't stop their bubble from busting.
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1 comment:
If the behavior of the national housing bubble is described as a bubble popping then then the impending reaction of the Bay Area should be called The Hindenberg.
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