Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Wednesday, April 09, 2008
Crybabies
The new housing market:
"Cry now, you are priced in forever."
2007, 2006, 2005 are stripped clean 2004-2002 are next. IMO all at once by summer. Welcome to the new immobility.
"Priced in forever"
ReplyDeleteNow THAT is a funny line.
when will it reach back to 2000? (me)
ReplyDeleteI'd say half the houses bought in 2000 will see their equity wiped out. This isn't a linear function but a long tailed distribution.
ReplyDelete