Wednesday, December 30, 2009
There's an interview with Patrick Killelea of Patrick.net up over at Directors Live where the proprietor of one of the original housing bubble websites talks about his experience in the Bay Area housing market and life as a long-time renter (since the video isn't embeddable, you'll have to click on the link above or on the image below to play it).
I've had the pleasure of sitting down with Patrick on a couple of occasions in recent years to chat and he's as nice in person as he is on video, though realtors would probably disagree.
It's worth noting for those in other parts of the country that they've had a housing bubble in the Bay Area in one form or another for at least ten years now, going back to the technology bubble or earlier. I remember being in Southern California in 2000 when someone visiting from the Silicon Valley area told of average house prices in the excess of a half million dollars. It only took about five more years for that to be true for the entire state.