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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (363012)12/15/2007 9:45:46 PM
From: bentway  Read Replies (1) of 1579380
 
The bubble began way before that in S. Cal and Florida and a few other places. My S. Cal. house had gone from $76k in 1993 to $250k in 2002. It probably was valued at $300-350K by 2004, then houses there quit appreciating. Since 2006 and 2007, houses in S. Cal. have depreciated and inventories have accumulated.

Some parts of Florida have a 10 year inventory of depreciating houses now.
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