"Don't Sweat The Bubbles" California
In the Santa Clarita Valley, the local realtors association seems confused. "'We expected things to level off a little bit this year, but it appears that’s not the case,' said Jim Link, association vice president. 'People are concerned that if they didn’t buy now, they won’t be able to afford to buy later.'"
Where did they get that idea? " Mike Davis, president of the association’s Santa Clarita Valley division, said 'It’s (a) good to buy and (a) better time to sell,' Davis said. 'If someone is going to relocate they should do it sooner (rather) than later.'"
An opinion piece in another Santa is more sanguine. "If the housing market softens and you lose a little short-term equity, it's a safe bet you'll get that value back just by waiting out market swings, and have a comfortable place to live while you're waiting."
"The collapse of tech stocks in the late 1990s is a classic demonstration of bubble activity. That market went crazy for several years, turning teen-agers into Ferrari-driving multi-millionaires. The kids who used to be known as computer geeks quickly became sirs. Then that bubble burst, and the sirs went back to geekism and Ford Fiestas."