CNN Money has rated has a story about a study that rates Bend as the second most over-valued housing market in the nation, sharing the top 10 with a bunch of California and Florida towns. Localized story on KTVZ and good discussion as well on the Bend Economy Blog.
Comments
But that’s great news! That means that when the bubble bursts, People like me with no land holdings will be in relative luxury. And, I guess, people like you lot reading this who have land .. well, rearrange your portfolios a bit and be prepared to ride a tsunami. 🙂
Small correction, Jake: CNN/Money didn’t rate anything. They reported on a study by Global Insight and National City.
As did I, after good ol’ Google News Alert alerted me to its existence;-)
Updated. Thanks Barn.