The latest dispatches from around here (the Los Angeles area) indicate that homes are getting close to bubble levels, Being a believer in the adage that one picture is worth a thousand words, here is a photo of a Los Angeles area house featured for a mere $264,000 in today’s Los Angeles Times. Andrew Khouri, Middle-Class Homes? L.A. Times, Oct. 11, 2013, at p B1.
And here is a picture of a $135,000 home pulled at random from home ads in the Charlotte, N.C. area. Need we say more?