refractedthought
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Another sign to watch for: deterioration of outlying markets. Yes, the numbers in Pierce, Kitsap, Snohomish, etc. DO matter.
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All it took me to recognize the bubble was one face-to-face encounter with a permabull specuvestor. All that talk about risk-free easy money turned the alarm bells on in my head immediately. After that I did my own research and concluded that the …
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Because the subprime market is imploding a lot faster than I thought it would, I'm actually inclined to say we could see some dramatic results fairly soon. Tightening of lending standards affects everyone, so that six-month lag might disappear over…