Comments on: Is Sub-prime the New Dot-com? http://thoughtbasket.com/2009/05/20/is-sub-prime-the-new-dot-com/ A place to hold my thoughts on various topics Sat, 21 Jan 2012 17:08:28 +0000 hourly 1 http://wordpress.com/ By: zeusiswatching http://thoughtbasket.com/2009/05/20/is-sub-prime-the-new-dot-com/#comment-159 Tue, 30 Jun 2009 02:45:41 +0000 http://thoughtbasket.wordpress.com/?p=202#comment-159 This property investor wasn’t buying it. I couldn’t believe the “trial balloon” prices for houses in our sleepy Southern City. Granted, these were honking swank places, but the prices just had no basis in reality. Maybe the same price was a bargain in Los Angeles, but not in our town. Something was just out of whack.

There was a time to not buy and that was clearly the time. Yet, people did buy and here we are.

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