Monday, February 28, 2005
Pop!
In case you were wondering if there was a housing bubble, here is overwhelming evidence that there is:
“In several metropolitan areas, from Miami to Riverside, Calif., where the real estate market is white hot, rapidly rising prices are luring a growing number of ordinary people into buying and selling residences they do not intend to occupy, despite warnings from some economists that prices cannot continue to rise as steeply as they have in the last few years.”
It’s amazing how quickly people forget.
