Who knew back in 1997 that Freak Nasty was talking about a housing bubble?
Consider this quote as evidence – was it a clue?
“Drop down, double-up on those dips”
Following the release earlier this week of the Case-Shiller home price index, there has been a rash of articles about the Double-Dip in housing hitting the wires. While that conversation is a little big different than the much-debated Double-Dip in the broader economy – another downturn in housing will not help an economy that is struggling to recover from the last one.
Yikes. Kind of makes me feel like just throwing my hands up and dancing.
What say you, homeowner past-present-or-future? Case-Shiller looks at national figures, and 20 metro markets. But inside the Bay Area, there are hundreds of micro-hoods where different forces are at work. Even San Francisco proper has dozens. What’s going on in your neighborhood? Post your thoughts about your local market (or about Freak Nasty if that’s what you’d prefer).