Boom Gone?

- In Praise of the Housing Bust

A very realistic look at the economy.

I subscribe to the feed of Manhattan Beach Confidential for a couple of reasons. One, because we used to live there as children and I like the photos/addresses that remind me of those times. Two, because the real estate market in Manhattan Beach is like 'Alice in Wonderland', a fascinating tale!

While were growing up, Manhattan Beach was a haven for the low and middle class who didn't mind a long commute. But it changed in the late 50's and early 60's and prices began to creep upwards. When we married in 1963, we couldn't find a place to live in our hometown and had to rent an apartment in the industrial town of El Segundo. (Company town = Standard Oil) After a short time there, we joined the wanderer's of SoCal, moving to 6 different addresses in 3 different counties in the space of 14 years. We headed north in '77' and never looked back.