Chuck Ponzi April 7th, 2005

OK, if anyone was interested I finally got around to doing the smoothing on the Inflation adjusted median priced homes in california and San Diego since 1997. It’s a great little chart that tells a lot about where we are with respect to the overall real estate bubble. Enjoy.

Smoothed
On a lighter note, I came across a great article that shows the blatant stupidity on both the buyers’ part as well as the lenders’ part… Easy credit does not mean easy payments or easy future. My favorite part of this article is the closing quote by the overextended homeowner
“If you’re like me, you’re so incredulous that anyone would give you any money whatsoever, you just close your eyes and sign the papers,” Herron said. “I would have signed anything.”
That’s just classic. I’m not sure if I should laugh, cry, or just puke. It’s insanity.

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