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Re: Sizing the Housing Bubble
Old 06-11-2006, 10:03 AM   #6
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Join Date: Apr 2004
Posts: 1,460
Quote:
Originally Posted by astromeria

=astro, CA homeowner who moved out and knows others who did likewise due to voluntary or other early retirement
Yup.* Californication is happening on a large scale here in WA.* I also am too lazy to find statistics on a Sunday morning,* but we know that much of the building boom in our area is due to in-migration from CA, and our (relatively) (but not for much longer) cheap real estate.*

Our small town has over 1,000 housing units planned or under construction for the downtown, which up until now had less than 100 units.

The developers are in a mad race, whipping their architects to go faster, faster, faster, because they KNOW that not all of those units can sell.* IMO, it's not a matter of if the bubble will burst, just when.* It won't be pretty here, but we can go back to some sort of sane life, perhaps.
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