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Now in 993 land ...
Join Date: Mar 2003
Location: L.A.-> SF Bay Area
Posts: 14,891
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There is a new bubble, most definitely. It is made by investors again. Just the other day someone posted here that they were taking out a loan on their home that they own outright to re-invest the money. One of the targets: buy a second home.
The number of people living in their own home has been on a steady decline, and this recent blip has not changed it.
Let's just hope this one won't go as crazy and pull down the economy with it again.
G
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97 993
81 SC (sold)
Last edited by aigel; 05-22-2013 at 10:05 PM..
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