>>>>http://www.liveleak.com/view?i=9b2_1203429160
>>>>
>>>>Is he even on the same planet as the rest of us?
>>>
>>>
>>>Our economy is down not because of the war, but because we built too many houses.
>>>
>>>I agree with that.
>>>
>>>That's why the mandatory solar panels on any new building should be done as soon as possible.
>>>
>>>It's not just about being green, its an important market control.
>>>
>>>Right now hundreds of thousands of houses are being built in the US, and they're going to sit empty.
>>>
>>>It's a very big problem.
>>
>>Thanks for that breaking news, Mike. I hadn't even suspected there was a problem in the U.S. housing market. Aren't prices still going up?
>
>In some areas, like Manhattan and San Francisco the answer is yes.

The reports I watch and read indicate San Francisco housing prices are falling and are expected to fall through 2009. Below is one link.

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/02/15/MN8RV2K0E.DTL

The funny thing is that “high end homes”, are appreciating. I will be darned if I know what a high end home is. If you can get a home for under $1.2 million in my old neighborhood in San Francisco, I would be shocked.

It does not look good for the state.

http://www.businessweek.com/ap/financialnews/D8UU4T600.htm