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I'm sorry... I live in the State of California, and apparently you live in the State of Denial.
Sep 28 15:00 pm
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All Comments by Urbane Gorilla! »More Clues Housing Bottom May Be Near in Sacramento [View article]
Since the last time you posted this ridiculous pablum, foreclosures in my neighborhood (off the I-5 and Florin) have dropped again. Similar homes to mine were selling in the $230K range 2 years ago. Last year they were moving in the $150K range. At your last post, foreclosures (listed weekly in the SNR) were running in the $115K range and this week, they're in the high $80K -> $90K range...
The "Bailout" might yield a short-term bump.... But watch out below.. The anvil is still falling... It's OK to delude yourself, but people read this stuff and might actually buy based on your op-ed....
jegan ;-)