Summary
Three-hour commutes, million-dollar tract homes and no-income, interest-only loans. Is this the new American Dream in Southern California?
Back in 2000, real estate experts predicted higher home prices but nothing like the 10, 20 and even 25 percent annual increases that resulted. In some areas, homes jumped $100,000 in one year. And those ever-increasing prices accelerated the buying frenzy and amplified the sticker shock.See the full content of this document
Extract
Concerns Bubbling Up Inside the Bubble
"There is this sense that there's a ship moving out and a lot of people are willing to do a lot to get on it and the people who haven...
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