March: The Bubble Inflates Some More

I found these two articles from SFGate and the LA Times on how real estate is even more insane, via Dan Gillmor, courtesy of John Fleck.

My favorite comment: “Everyone who looks at the market says the price acceleration can’t last, but real estate agents and other experts said they expect a gradual leveling rather than a bubble bursting.” This is the ultimate last justification for people when they knowingly pay for an over valued asset. “Yeah, I don’t expect those returns anymore, but it will probably just level off.”