OK, I’m as willing as the next guy to admit when the market’s not going well. In fact, I write about it not going well a lot over in the Sacramento area, but I still manage to get some grief about not painting a dark enough picture.
You can’t please a pessimist. I guess that almost falls out by definition.
But look — pessimist, optimist, or whatever, find the bubble in the following chart of real estate prices in Oakland. Can’t do it, can you?
I know, I know, it hasn’t burst yet, right? Yeah, whatever. Maybe the market here’s just doing great! That straight trendline is what Excel drew, by the way. Someone call Bill Gates and tell him we’re supposed to be failing here…
