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August 23, 2005

Bubble bubble toil and trouble: Been there, done that...

... bought the T-shirt.Mrhousingbubble

In other bubble news, this diary at Kos points to slowing price increases in some west suburban communities. But with increasing inventories, maybe there's sanity at the end of the tunnel:

Gelineau predicts that asking prices will remain fairly stable but in the long run, sale prices will be 5 to 10 percent less than sellers asked. "Buyers are going to scrutinize everything and not pay crazy prices because they don't have to."

Wow, what a world that would be ... not paying crazy prices because you don't have to. I remember the market economy...

Posted by Charley on the MTA at 06:25 PM in Massachusetts | Permalink


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