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Re: UBGreen post# 3211

Sunday, 07/14/2002 12:03:08 PM

Sunday, July 14, 2002 12:03:08 PM

Post# of 704019
yes, real estate bubbles may be local, but if they are locally bubbly in NYC, the Bay Area, SoCal, New England and Florida all at the same time...

well...

for all intents and purposes it is a national real estate bubble because that covers such a huge chunk of the nation's real estate market.

history clearly shows, though, that even if the bubbles are everywhere they do not have to burst at the same time.




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