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May 13, 2005
Real Estate Bubble
I'm collecting some links on what many people think is a real estate bubble. It is hard not to think that there might be a bubble when housing prices in my neighborhood are topping US$1,200,000 for a two bedroom house. Of course it is nice to think that it is not a bubble and that my house is making me more money than my job is, but really, how can that be?
My starting place for links is the Mises Economics Blog.
Posted by Jack at May 13, 2005 12:07 PM
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Comments
What area are you in? In my neck of the woods (Westchester county, NY), the "average" home is around $650,000. The prices go up 100,000-150,000 more each year.
Posted by: Ken Bluttman at May 13, 2005 04:00 PM
I'm in the San Francisco Bay Area. Some parts are more expensive than others, but none of it is cheap.
Posted by: Jack at May 13, 2005 11:41 PM