California’s new bubble: Must overpriced homes crash? ...Middle East

Los Angeles Daily News - News
California’s new bubble: Must overpriced homes crash?
source : Los Angeles Daily News ( Middle East ) () 15
Californians are left with understandable scars after the bubble-bursting Great Recession shredded psyches, careers, checkbooks and net worths. But that doesn't mean every time homebuyers get a little nutty — a well-documented California habit — sharp and swift price declines must follow.

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