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New real estate bubble.

Original post made by Sol on May 27, 2012

This proves that we are in another bubble. The bubble popped somewhat after the credit crunch but has recently reinflated.

Does anyone else think this is extreme bubble pricing?

Comments (4)

Posted by Just normal Palo Alto, a resident of Meadow Park
on May 27, 2012 at 1:03 pm

No, it's just how Palo Alto has always been. Prices did not go down that much when the bubble burst nationwide a few years ago. Now we are back to where we were before plus more...


Posted by Just normal Palo Alto, a resident of Meadow Park
on May 27, 2012 at 1:04 pm

I meant to say that Palo Alto prices did not go down that much when the bubble burst a few years ago.


Posted by Anon., a resident of Crescent Park
on May 28, 2012 at 9:20 am

> This proves that we are in another bubble.

Huh?

What proves what ?


Posted by C, a resident of Barron Park
on May 28, 2012 at 11:10 am

If Sol understands why PA market did not go down like other cities in the bay area, then he can have more ideas in projecting the future market. IT's all supply & demand ECON 101


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