Maybe the real bubble indicator is that the Wall St. Journal says that S. Korea will now start investing some of its surplus $$$ in mortgage bonds. Echoes of the Japanese binge on US real estate?
On Tue, Apr 19, 2005 at 12:58:36PM -0700, Eugene Coyle wrote: > Not that anyone save Mike Davis has noticed. Rents have declined but > purchase prices keep rising. > > Gene Coyle > > Michael Perelman wrote: > > >Has the bubble burst in San Francisco? > >-- > >Michael Perelman > >Economics Department > >California State University > >Chico, CA 95929 > > > >Tel. 530-898-5321 > >E-Mail michael at ecst.csuchico.edu > > > > > > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
