Wednesday, March 13, 2013
Video: Real Estate "Frenzy" in California
Central bank policies have been fueling a mania on a vast category of asset prices worldwide.
The following video reveals signs of a growing real estate frenzy in California (source: Calculated Risk).
Note of the term used by the video anchor "bidding war", "it's a frenzy, "psychedelic" and "people want to know how hot it is".