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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (62499)6/2/2006 9:45:17 AM
From: Wyätt Gwyön  Read Replies (2) of 110194
 
Just a theory that perhaps a large part of the demand the past 6-9 months was Californication spreading (after doing their dirty deeds in Phoenix, Vegas and countless other cities on the way) and absorbing all the oversupply that normally occurs in the Texas markets..

i have heard a lot of anecdotes of Clownifornians swooping in and picking up three or four houses on the weekend, so there could indeed be something to that theory. i think it is especially so in the under-200K market, which means outside Austin proper for the most part, these days.
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