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San Diego was the first to bubbleburst 3 or more years ago.
Dec 22 18:26 pm
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All Comments by breckandy »California's Labor Market in Trouble as Unemployment Rate Soars [View article]
It will be the first to recover. Real estate inventory there has dropped a lot since last year. Mostly it is the junk and foreclosures that are selling. Same for Denver, CO. It had it's bubble in 2000 and never recovered, Now inventory is dropping. Only 2 places in the nation I see this.
New construction has been dead for 2-3 years. A shortage will follow--they are still making babies, all types of immigation and people need somewhere to live.
A feeding frenzy for real estate will happen in certain locations in the next year or two .
Hyperinflation will follow short term deflation. Wait until all those diluted dollars they are printing trickle down.
The cost of new construction and shortage will drive up prices of real estate through the roof and the cycle will begin again and...
The Pendulum Swings