8.12.2007

Real estate counterfactual

In fact, thinking about the crazy real estate market we had here in SoCal, my mind turns to the stomach-churning story of a couple days ago -- how we're way overdue for a catastrophic earthquake. The "what if" question is, imagine that earthquake happening in 2001, or 2003, as the market was really getting crazy. One can see how you're driven to the Great De-randomizer in the Sky in the face of such contingency.

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