Bubble Speak

[IrvineRenter_IHB]

 

[IrvineRenter_IHB]

bump

 

[southoctracker_IHB]

Great graph - the latest mountaneous boom makes the spike in the late 80s look like a speed bump by comparison. Pretty obvious where things are headed in the next few years.

 

[lendingmaestro_IHB]

holy shit!

sorry, but that graph warrants profanity

 

[Daedalus_IHB]

I did some quick calcs and thought that maybe prices aren't all that out of whack. Then I saw that the chart already discounts for inflation. Holy **** is right.

 

[CalGal_IHB]

Hold on to your hats! We're going down!

 

[Major Schadenfreude_IHB]

What is also interesting is how IR's graph of DTI to Irvine's house prices also bottoms out in 1997. That was the time to buy.

Now we have to fasten our seat belts big time though!!!!

 

[biscuitninja_IHB]

I'm SOOoooo glad i'm into apartments now. But at the same time, i'm worried I won't have enough capital to weather the storm....

-bix

 

[Trooper_IHB]

bix, explain please.