We are renters in the Bay Area. We are ready to buy when prices return to sane levels.

“Bay Area foreclosure activity skyrockets”

That’s the kind of news we love! Let the fun begin. The Bay Area has been insulated long enough from the real estate crisis. A few hundred thousand homes that go into foreclosure is just what the doctor ordered.

Oh, one more thing. Greenspan is primarily to BLAME. He created the global credit glut that funded this disaster.