Real Estate Bubble

[deathtotaxes]

"This is getting out of hand and the government has done nothing to stop it. "

The government has no ability to protect the US borders or spend our tax dollars within a budget, keeping us from huge deficits. And you want them to protect you from evil Californians who are buying up some property. That is not the governments job. It is a self correcting process. If it is as you say, then eventually these evil Californian investors will get hurt with 100% financed investment properties or the mortgage holders will be bagged.

btw - not every Californian has made millions on property. LOL