[ex-Texan]

You live in Texas, not California. Big beautiful homes with 2 acres of land sell in your state for about $ 200,000. In Los Angeles, tiny two bedroom houses in South Central are selling for $ 550,000. Good money making opportunities are still available in Texas.

[ARealMothersSonForever]

In Los Angeles, tiny two bedroom houses in South Central are selling for $ 550,000.

Then I think it would be fair to say that maybe 7 in 10 consumers expect California housing bubble to burst. I might believe that. Mississippi and Florida look pretty good. Louisiana is still under the fedgov thing, and will go right back to the same crap. No upside there unless one is connected to the people that run the casinos. They DO profit from misery, and I do not deal with them.

[lewislynn]

In Los Angeles, tiny two bedroom houses in South Central are selling for $ 550,000. Good money making opportunities are still available in Texas.

Surely you can find a better example of bubble burst than: "In Los Angeles, tiny two bedroom houses in South Central are selling for $ 550,000".