Bubble Speak

[IrvineRenter_IHB]

<img src="http://www.irvinehousingblog.com/wp-content/uploads/2007/09/bubble-speak.jpg" alt="" />

 

[IrvineRenter_IHB]

bump

 

[southoctracker_IHB]

Great graph - the latest mountaneous boom makes the spike in the late 80s look like a speed bump by comparison. Pretty obvious where things are headed in the next few years.

 

[lendingmaestro_IHB]

<p>holy shit!</p>

<p>sorry, but that graph warrants profanity</p>

 

[Daedalus_IHB]

I did some quick calcs and thought that maybe prices aren't all that out of whack. Then I saw that the chart already discounts for inflation. Holy **** is right.

 

[CalGal_IHB]

<p>Hold on to your hats! We're going down!</p>

<p><img alt="" src="http://i157.photobucket.com/albums/t59/krivitsky1/rollercoaster.jpg" /></p>

 

[Major Schadenfreude_IHB]

<p>What is also interesting is how IR's graph of DTI to Irvine's house prices also bottoms out in 1997. That was the time to buy.</p>

<p>Now we have to fasten our seat belts big time though!!!!</p>

 

[biscuitninja_IHB]

<p>I'm SOOoooo glad i'm into apartments now. But at the same time, i'm worried I won't have enough capital to weather the storm....</p>

<p>-bix</p>

 

[Trooper_IHB]

bix, explain please.