[turbo6bar]

Housing prices in CA are making it a have vs have-not society. You need only view housing affordability statistics to realize it's not a matter of if but when. Perhaps if we had strong wage inflation things would be different.

I have been following this bubble for some time, and things have taken a sharp turn. It started last fall. There was an article covering Washington DC real estate. It mentioned a couple that bought several DC townhouses for $410k each. They immediately relisted for $475k. Reduced to $440k. Reduced to $410k and still no sale. The builder just did a sale for identical floorplans: $385k. That's gotta suck.

Wayne, ya gotta stay tough. When the last remaining bears go bullish, you know the peak is past.

jurgen