Southern California Home Prices Soar

`` Word came yesterday that Southern California home prices (where we lived for many years, up until 2007) are on a tear, up 25 percent from a year ago according to this report from Dataquick.'' -- Surely this is sustainable! Our guess is when anyone is questioned about how they could buy in the face of inflation like this, less than a decade after a prior home bubble burst, the answer will reference to some version of a "Bernanke PUT"...