I see you love talking down the economy just like a good little democrat. You make willy green look like an optimist, except you don't talk about high speed rail much.
In my area, house prices have not driopped one bit. I wish like hell they would, I'm planniing on buying soon.
I am in the construction industry. We are flat out busy. The State of Connecticut can't get people to bid work because they are all way tooo busy. We can't get enough help because they all have good jobs already. We have to bring in rental equipment from Ohio because there is none available in New England. It's all out working.
We have 80% of next years workload already filled.
Recession, my A$$!
How is this "talking down the economy?" Only an idiot would think that economies always grow and that recessions are avoidable. Like it or not the business cycle is here to stay. A recession may or may not be imminent. If it is, then look at it as an investment oppurtunity rather than a negative.
Same in the bay area, but then no one is buying, either.
Its weird, prices shot up over the past year & a half for no apparent reason, and now owners are holding out for top dollar and taking their homes off the market rather than drop the price.