Housing


Posted by Bruno on December 27th, 2007

Thanks to the Contrarian, as always, for holding down the fort while the rest of us are on Christmas vacation.

Right now I’m in California, where I can see several new housing developments that were supposed to have been built by now have been put on hold. The market here, a couple hours northeast of the SF bay, is tanking.

Meanwhile, in Seattle, I see that home prices increased by only 3.3% over the last year. Of course, when you factor in inflation, that’s actually a decrease, but you have to make it all the way to the 9th paragraph to find that out. Yay, journamalism!


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