Yeah... I know - looks like a misplaced thread. But seriously, when titles like this are true then bubbles a' brewing.
2 funny news articles today correlate well... funny.
So Cal real estate went up a record 17% from last July to this July. As I've said before I feel crazy not selling - but I felt that way last year. So the craziness of waiting another year net me about $260 per day gain. Is that crazy! That's pretty hard to accumulate mula that fast legally doing absolutely nothing in terms of working at it. The article went on saying that as long as the regional job market is sound, the bubble has a source to sustain it indefinitely (kind of sounds like the rhetoric spread at the peak before the 1929 stock bubble).
Anyway, not caring much since I gotta live bicycle distance from work in a home (definite gotta) - I need to do a few things before I can pack up so I'll ride the wave a few more months (I hope). Then another article pops up that extra money in house equity should be taken out as it rises to a given portfolio allocation - and spread to stocks and bonds. Like a bubble needs another bubble. I guess that why they call 'em bubbles.* *
Is anybody else laughing a little at this one...