Tuesday, October 30, 2007

The Fires, The Economy, And Housing

The fires that have swept the region, and that still burn in some places, have been incredibly dramatic in their impact on the day-to-day functioning of our city and have been absolutely devastating to those families who lost their homes. But when people have asked me in recent days how I thought the fires would impact home prices, my answer has been that it wouldn&039;t have much effect at all.It&039;s simply a matter of scale. San Diego is a huge city and -- without minimizing the catastrophic impact to those involved -- the number of homes destroyed represents an extremely small [...]

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[Source: The Money Blogs]

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