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: Instapundit.comMEGAN MCARDLE: Why I Think the Housing Bubble Has Not Yet Bottomed. ?They bought near the height o?
By Glenn Reynolds
MEGAN MCARDLE: Why I Think the Housing Bubble Has Not Yet Bottomed. “They bought near the height of the bubble. Yet they think their house has appreciated by nearly 10% in the intervening four years.” I see the same thing in my area: People who bought in 2005 or 2006 who think their houses are worth 20-25% more today. And they’re very resistant to cutting the price, even though their house isn’t selling.
Full post as published by Instapundit.com on June 12, 2009 (boomark / email).
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