How do these people live with themselves? (Hat tip to BMIT)
A: Because Orange County is land-restricted, it is very difficult to have a glut of new product. Therefore, I see a stable market through 2010.
Nevin's talk was reassuring, said Frank Mercardante, Southwest president and chief executive."He emphasized there is no bubble and there won't be, because of the demand for real estate here in San Diego County," Mercardante said.
2005-06-04: Homeowner equity swells by $1 trillion
SAN FRANCISCO – California's steadily rising property values have created $1 trillion in homeowner wealth during the past five years – a boon that has bolstered the economy through several rocky patches, according to a study by an industry trade group. The estimate released this week by the California Building Industry Association shows the upside of a real-estate boom that has lifted housing prices to unprecedented heights.