Tuesday, June 13, 2006

It's a Soaring Balloon, Not a Bubble

The real estate blog of the New York Times noticed the billboard photo that I posted recently.

Remember the idea that the real estate market is not a bubble, but a balloon? Check out this billboard that has appeared around California, where home sales are not soaring.
Here's another blogger's interpretation of that soaring balloon.


rocklin renter said...

burn baby burn

Sounds about right.

Anonymous said...

The remax sales balloon is soaring so high in Stockton, that today one of their realtors from came door-to-door to give us her card and share a list of available properties. She just "happened to be in the neighborhood." I guess the open-house scheme isn't as productive as it has been.

Happy Renter said...
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