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View Diary: Alan Grayson Rips the 'Liar' Alan Greenspan a New One (233 comments)

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  •  I was in San Diego from 2000 to 2006. Cali (1+ / 0-)
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    real estate prices were just insane.

    Brand new homes popping up for 800K and people buying them with enough income to support 300-400K.  It was just insane.  I was baffled at the time.  I knew the weather was nice there and it was a pretty clean and safe city, but no way could that justify 20-30% price appreciation.

    I moved back to Mass before the bottom fell out, but I have heard stories about the widespread foreclosures which followed.  THAT must have been something to behold as well.  Truly a crazy period of time.  And everyone buying a massive SUV with a home-equity loan.  I thought I was in ancient Rome.  Bizarre.  Really.  You know though.

    Hope it's getting better, which I hear it is, slowly, very slowly.

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