[spectre]

Oh thank you, Fres. That explains the BMW, private shopping trips to Nordstroms and the $850,000 home. And how DAMON gets to keep the little $450,000 house.

Shoot, and I throw out by PCH sticker sheets every year...I too, could have been a "winner"!

sw

[bvw]

Does the spirit of Justice lie in wait for house splurging Brenda?

California Real Estate, July 2002 = NASDAQ, January 2000.

It's going to come to a bad end - not a collapse, but a gradual grind down as qualified buyers begin to disappear and two income families try to handle those $5000/month mortgage payments on one income. Marin County has been just like Orange County, with a double digit rise in prices just this year, but just in the last month the starter home market here ($500-$700K...and I'm not kidding) has started to fray around the edges - more supply, less demand. As for the $1M and up homes, they have already come down 20% or more from their peak.

It won't be long now.

Source Freeper Mr.Jeeves commenting on FR thread "Gold gain points to market meltdown". reply 87