Home prices likely to fall over next two years in Bay Area and San Diego.
What do you think that will do to California's budget, which is afloat only due to huge increases in property taxes from the real estate boom? And what do you think it will do to the jackass who just paid $600,000 for a condo with a variable rate mortgage he can barely afford? And the bank that lent it to him?
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
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