The New CS Board

[jumanji0881]

Au contraire. If you check my prior emails you will find that I have been saying that RE is absolutely insane for some time now. When some guy in LA thinks he can build a house and then sell it for $500Million, you know things are really bizarre. But you don't really have to even go that far to see the insanity. The median selling price a house in Seattle is now $750K. New homes a Seattle suburb where I live are listed for $800K to $900K and even though they are large houses, they are on tiny lots and all of the houses in the division look the same. This bubble is going to leave a lot of people hanging out to dry. Of course the bubble is also in debt (especially sovereign debt) and global stock markets. It is the MOAB (Mother of all bubbles). Got gold ?