Tag Archive 'Real Estate'

Cause — meet effect

Once again, a writer for the MSM leads with a sentence that implies that there is no causative relationship between two obviously related facts.  This from the San Francisco Chronicle:
California home sales surged last month even while prices plunged a record amount, as buyers snapped up bargains among the state’s hundreds of thousands of foreclosed [...]

Sometimes pain is good

There is a reason why it’s periodically useful for hyper-inflated real estate markets to correct:
A pair of reports released Tuesday highlighted the upside of the real estate downturn: Housing is becoming more affordable for more people across California and the Bay Area.
The percentage of households able to buy an entry-level residence in the state reached [...]