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**Retapleapse** · 01-05-2006, 09:16 AM

Glad you feel better. With many markets increasing at over 20%/year over the past several years, this is not only a slowdown, it's a tremendous slowdown. In Southern California prices had been increasing at over 20%/year since Bush took office. Now they're all expected to decline. That's quite a change.

My sky isn't falling, because I wasn't foolish enough to buy into real estate at the height of the bubble. So now I feel better as well, because I won't go bankrupt from the real estate speculation I didn't partake in.

01-05-2006, 09:16 AM	#17
Retapleapse Join Date Oct 2005 Posts 480 Senior Member	Glad you feel better. With many markets increasing at over 20%/year over the past several years, this is not only a slowdown, it's a tremendous slowdown. In Southern California prices had been increasing at over 20%/year since Bush took office. Now they're all expected to decline. That's quite a change. My sky isn't falling, because I wasn't foolish enough to buy into real estate at the height of the bubble. So now I feel better as well, because I won't go bankrupt from the real estate speculation I didn't partake in.
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