Properties in southern California which were selling at 450 to 500 thousand dollars at their peak are now selling at lower 100 thousands. The graph on a piece of paper that the guy shows in the video is a must see for folks who still think that the real estate bubble that we had was more or less like the real estate bubbles in the past. The current real estate bubble has no comparison in the history.
People think “This time it will be different”. No it won’t. History has shown again and again that the result is always the same.
Posted by abhir 
