San Diego Housing Bubble News and Analysis

Thanks for the links to the interesting stories.

I read somewhere before that living standards in Iceland were reset to 1981 levels.

Icelandic people need to hold their elite responsible. They have to take charge of their own future.

That's a huge blow to a country of 300k, about 1/9th the size of San Diego county.

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I've never had much desire to visit Iceland before. But if it's cheap like Argentina was after its crisis, I'll be sure to take advantage of the Icelandic bust.

wow.

Are those directors/major-shareholders/robbers still in Iceland?

Yea I think that may be a good place to spend some retirement time, Ireland is on my list as well seems they are going through somewhat hard times again.

I'm an Irish expat living in the bay area. Only advice I can give you is to NOT live in Dublin, and I say that as a Dub. Whole country has "lost the run of itself" as we used to say back home.

You think people here are self entitled? You should meet Irish people under the age of 25...

Using shares as collateral for a loan is probably a little shaky, but a novel way to cover your losses when those shares tumble.

I seem to recall that it was not unknown during the dot-com era ... Stamps.com and former CEO John Payne come to mind.

But Kaupthing seems to have taken it to a new level ... granting loans for the purchase of its own stock, then announcing it as an infusion of capital.

Are you under 25, yooklid?

32 - I remember the 1980s: >50% tax, houses going for less than 40K Irish pounds, high immigration, my older highly qualified brothers being on the dole, butter vouchers, hand me down clothes, being hungry etc. etc.

You get the picture.