The Washington Post reported a while ago that there has been a slump in the market for $1 million plus McMansions in the DC area.
On a another topic, Jim Devine turned out to be wrong about Doonesbury on Iraq. If you followed the episodes for a few more days it turns out that the Iraqi plant manager is telling the truth, that the radioactivity in the yougurt (I think that's what it was) comes from milk from cows eating grass contaminated by radioactive contamination from the Gulf war. -----Original Message----- From: Michael Perelman [mailto:[EMAIL PROTECTED]] Sent: Thursday, December 19, 2002 11:51 PM To: [EMAIL PROTECTED] Subject: [PEN-L:33256] Re: Re: Re: RE: Re: How Much Housing Credit Is Too Much? The WSJ has been having pieces about the incentives sellers of high end houses are having to give. One of the best indicators of an impending bubble burst would be the length of time required for sell a house. During the high bubble in San Francsico, houses would sell at a premium as soon as they were listed. I don't think anything like that is happening now. So even if prices are holding, you can have considerable weakness in the market. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
