The West Coast Housing Bubble Bursts Even Without Tech Bust, which is still to come.

Wolf Richter,

The biggest housing markets of the West Coast — the Seattle metro, the San Francisco Bay Area, and the Los Angeles and San Diego metros — went through phenomenal price inflation over the past few years, with prices having shot way past their highs of Housing Bubble 1, before it imploded. This multi-year surge culminated in a last-glory spike early this year. Since then, housing markets have turned south at different speeds. And unlike the prior two housing downturns, the inevitable Tech Bust hasn’t even started yet.

READ  The Most Important Indicator In China Is Something You Must Know! Trying To STOP Bubble
READ  Tiny Housing Bubbles




Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.