Econ 101: Eventually, even SoCal will run out of people with a million dollars laying around so they can buy a house....... I think that this RE bubble is localized to nut case areas. Manhattan, Frisco, all of SoCal, all beach or near beach property from Frisco to Monterey, and so on. Foreigners have been the ones buying with the dollar real low. Will they dump as the dollar strengthens? Florida used to be a bargain and has become pricey in last two years.

No blogging today......