This entry was posted on Friday, August 3rd, 2007 at 8:18 am and is filed under Housing Bubble, Market News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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August 3, 2007
Trip to California was enjoyable. I have encouraged family members to keep their eyes open for real estate bargains so that I could perhaps get a home in California at some point. To my disappointment, they found the following two:
A 300 square foot cabin on a 3000 square foot lot for $216,000. Ventura County.
A beat-up trailer in a trailer park for $47,000. Los Angeles County.
The bubble may be bursting, but it definitely hasn’t been had any affect beyond slowing price increases. There appears to have been little drop in Los Angeles, though San Diego seems to be seeing small price drops as a result of a steady flow of foreclosures.
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