[FoRK] Does this real estate boom remind you of the dot-com boom?
lgonze at panix.com
Tue May 17 19:02:01 PDT 2005
On Wed, 18 May 2005, Russell Turpin wrote:
> That's not necessarily a sign of a bubble. It could
> be a natural evolution there that current residents
> will be pressured out, as rich newcomers move in.
> It wouldn't be the first place.
Sure, and it could be a natural evolution in every blue state at the same
time, but I'm not inclined to think so. I think the most conservative
understanding of the current real estate market is that it's a bubble.
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