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WAITING FOR THE POP
April 12th, 2004 by Clark Humphrey

AS WE ALL WAIT for the housing-price bubble to go “Pop!,” citizens and families that have already over-invested in homes and condos, or who hope to sell same at currently inflated prices, await the loss of their lifetime material dreams; while renters, and homeowners saddled with property taxes based on inflated resale prices, hope to breathe easier; and local governments and school boards in many parts of the country, who’ve become dependent upon inflated property taxes based upon inflated home prices, wait to see their own fiscal situations go from bad to disastrous.


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