Sunday, April 22, 2007
Implode-o-meter count at 62
If you're reading this blog you probably know about the implode-o-meter.
Since so many regions have home prices far disconnected from fundamentals, I honestly expect this list to break 100. Easily. Heck, its peak will probably be around 250. Yikes!
Florida and Michigan will take the worst hit. But California, Phoenix, and Las Vegas will certainly "enjoy the same hangover."