No … dont leave … the parents may have come home, but you might want to be around to watch the kids get a spanking. :-)).
In any case, many cities are inflating the bubble. Charlotte for example. 98-02 RE went down, in non inflation adjusted dollars. Houses that sold in 96 for 202K went for the same 202K in 02. Then It slowly crept up with inflation till ~2006. After which nothing was available for under 320K.
Can you say humongo bubble … and we are still pumping it up … booya.
Cool.
Cow_tipping.
