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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (1410)3/6/2004 6:08:54 PM
From: excardog  Respond to of 116555
 
<<Can you possibly explain what is happening in California?>>

No.... We do have friend's relocating to San Jose who just sold their home up here for $995k and say they are having a very hard time finding much of anything.

$995k buys a very nice house up here in one of the better neighborhoods.

Maybe what happened in CA circa 1980 is about to happen again? Lots of folks just ended up walking away from property that they were under water on.