I applaud Ms. Appleton-Young for admitting her previous mistakes…which is not easy to do. I think she is starting to get a real grip on the ever-growing concerns that everyday people like us are having with housing here in SoCal. As for the other bullish economists, it’s at the point now where I almost feel sorry for them. They remind me of the desperate tobacco executives who denied until the very end that cigarette smoking was bad for one’s health.
