Last week, San Diego was singled out as ripe for a housing decline on the front page of USA Today.
Now, I just found this article at Asia Times Online. It is amazing to see San Diego specifically mentioned in an article from a Hong Kong newspaper.
Quoted:
“Bernanke must now grapple with the potential for the housing market to panic in many cities where realtor optimism and aggressive appraisals cultivated irrational pricing, such as parts of San Diego, Washington and New York, and where tough structural adjustments besiege local economics, like Detroit.”
.
