Real Estate Bubble

[swampboots]

Just got back from L.A. hanging with broker there unreal, selling condo and such like pizza.in span of 5 minutes closed two all cash 10 day escrow deals. Downtown LA starting to bust out. My theory on the upward home price increase there is the frantic switching of bond holders seeing their principle collapse and dumping into the upward eddy of home price swoon, unreal. Many parts of Santa Monica area and such reverting back to pre- depression collapse vigor. This watershed fury may not be long lasting once cash buyers drain and prices too high for application finger holders, but nevertheless, interesting as all get out.