Fortune mag's real estate survival guide
 

Hear that sound? There's an ill wind blowing through the housing market. Here's what the end of the boom means for home values, the economy, and you. http://money.cnn.com/2006/05/03/news...tune/index.htm

Oh man.... did you see San Diego :eek:

I'd be really happy if I had just sold a house there!

San Diego, CA
Average home price: $483.0
Fair value estimate: $290.0
Percent difference: 67%
Rating: Overpriced

Interesting. I've got a friend in Arlington building a remod right now. He will have about 1 mil. invested when he's done. I hope he can get out before it is too late.

According to your article, some costal housing markets are in trouble. Ill wind for the whole economy? I don't think so. Buy a Wall Street Journal subscription and read this article:

Bull Run
Behind Surging Stock Market:
Old-Fashioned Economic Boom

Defying Gloomy Predictions,
Profits Rise, Prices Don't;
Dow's Record Approaches
The Return of 'Goldilocks'
By E.S. BROWNING
May 11, 2006; Page A1