Captain Capitalism has a great post about the condo market in his area.
No More Condos
The party's over!
Every guy has had the experience at least once during his earlier days at college of sticking around till the party is all but completely dead, the good looking people hooked up long ago and in a half-drunken daze you wander aimlessly thinking that some babe is going to pop up out of nowhere.
The hosts of the party give you subtle hints to leave and are somewhat wary of your presence. But there you are, ignorantly blissful and optimistic that you're still going to get some play that night hoping the party continues on and re-ignites itself.
Such is the situation with our beloved real estate developers in this beloved nation in this beloved housing bubble, ESPECIALLY CONDOS
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