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View Diary: Krugman: "The Urge to Purge" (62 comments)

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  •  Um... (4+ / 0-)

    The boom markets of the mid-aughts are roaring back.  So Cal, No Cal, Phoenix, etc.  I have a friend who is trying to buy a house in Phoenix.  He has been out bid three times and has for contract addendums on one house which allowed the seller to come back and counter-offer a higher price.  It's nuts.It's all fueled by unbelievably low interest rates and speculators with a lot of cash in their pocket.

    'Where free unions and collective bargaining are forbidden, freedom is lost' - Ronald Reagan, Communist

    by RichM on Fri Apr 05, 2013 at 10:17:07 AM PDT

    [ Parent ]

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