Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

I'm a Realtor in So. Calif. area, and I well remember the bursting of the housing bubble out here in '89. My own home lost nearly a third of its value. I bought that house at the top in '89 (great timing!), and had to wait until 2001 to sell it for breakeven!

Like the stock market, what goes up must come down. However, with a continuing growth in population, housing being a necessity, it never dies completely. Like the market crash in '29, the housing crash of '89 in Southern California with its massive price deflation, was a once-in-a-generation occurrence IMO, and the lessons learned by those who experienced it will not be easily forgotten.
Newly