I get chills when insiders tell outsiders “not to panic.”
San Francisco housing bubble buckles under its own lopsidedness.
Soaring rents have hit the wall of reality.
Some of the smartest money got out last year.
Didn’t do what when they built the most luxurious condo tower in California?!
California Policy Center published an interesting study – interesting in all kinds of ways, including its outline of the doom-and-gloom future of state and local pension plans if stocks turn down sharply, preceded by its prediction that stocks will turn down sharply as valuations are totally unsustainable.
Already happening, with impeccable timing.
Moral Hazard Spreads: TBTF States?
Apartments Start Offering Move-in Incentives as Tenant Demand Slows.
Mega-landlord prepares for downturn.