Real Estate Fall Out

There are a ton of problems in the DC area with real estate problems - run away property taxes the most annoying. But at a more fundamental level, the liberal cooks who run the region have looked to San Francisco as a model for land use planning and created a spectacular real estate market that has resulted in an unprecedented number of interest only loans (arms, balloons, etc.)

Thomas Sowell is examining the likely fallout of the bubbles inevitable crash in the Wall Street Journal.