Sacramento real estate bubble - is it bursting yet?

For all this talk of the so called 'Real estate bubble' over the year or so; it really hasn't happened. Looks like the wait is over. This weekend's advertisement in the sacramento bee might be the strongest sign for the bubble yet.






Do you want to be that guy who bought a house at $434k that is being sold at $299k right now?? Give it another six months and maybe these house prices will actually start to make some sense.