Money.CNN on Los Angeles – From “Bubble-Proof” to “Poised to Fall”

[brian_in_la]

Money.CNN provides an interesting example of bubble denial finally breaking. Last November (2006), they deemed Los Angeles “Bubble-Proof” – this year they are suggesting a five year decline of 24.1%. Well, they are a year late, but I suppose better late than never…

http://money.cnn.com/popups/2006/biz2/newrules_bubbleproof/2.html

http://money.cnn.com/galleries/2007/fortune/0711/gallery.real_estate.fortune/11.html

[kev374]

if they are saying 24% drop, I would put it more like 40% drop!

[kev374]

if they are saying 24% drop, I would put it more like 40% drop!

[kev374]

if they are saying 24% drop, I would put it more like 40% drop!

[kev374]

if they are saying 24% drop, I would put it more like 40% drop!

[kev374]

if they are saying 24% drop, I would put it more like 40% drop!

[noone]

Classic! There should have been a disclaimer:

* Bubble-proofiness is measured in months not years!

[noone]

Classic! There should have been a disclaimer:

* Bubble-proofiness is measured in months not years!

[noone]

Classic! There should have been a disclaimer:

* Bubble-proofiness is measured in months not years!

[noone]

Classic! There should have been a disclaimer:

* Bubble-proofiness is measured in months not years!

[noone]

Classic! There should have been a disclaimer:

* Bubble-proofiness is measured in months not years!

[patientlywaiting]

A classic for sure!

I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.

[patientlywaiting]

A classic for sure!

I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.

[patientlywaiting]

A classic for sure!

I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.

[patientlywaiting]

A classic for sure!

I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.

[Author]

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