Paul Frankenstein, with whom I’ve had an ongoing discussion concerning the real estate bubble, passes on this thoughtful link. Looks like San Diego might be cooling off, although the specific pricing described in the story is not, to my eyes, a bubble popping so much as slower growth replacing inflationary growth, the most desirable outcome (unless you are a speculator, I mean).

Let’s hope we just that here, and sooner rather than later. I’m not buying with the expectation of making money; I’m buying a place to live.

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