Tuesday, April 15, 2008

Still on time

There is nothing better than an article that agrees with your preconceived notions about the world. I found a great such article today on slate.com. We really are just seeing the start of the fall in California housing prices. We can look forward to at least another 2-4 more years of such fun. This should make me just on time when I return to CA. Who says graduate school isn't good for anything?

"Last month, the California Realtors' association (folks who in October managed to "project" that prices would fall 4 percent in 2008) reported that, actually, California house prices in February fell 26 percent from a year ago. In the places where the foreclosure boom has hit hardest, it's worse."

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