If a sufficient upturn were to manifest, that border area will gentrify faster than the fringes.

I guess I'm just manifesting my own retirement even earlier than I expected!

Tim and Jon - good to see some true "investor" thinking manifested in your posts - the next few years are going to present some amazing opportunities for those willing to do their market homework and stick to solid fundamentals.

There are a lot of BS artists out there trying to sell Californians on the dream of perpetual income that seldom manifests.  

It is your responsibility to morph your life and manifest!

You may not have known you were talented in this area while you were young, but as you have grown and experienced life your talents have manifested themselves throughout your life.

I paid a local lawyer to manifest this document...

BTW, Ophelia, this is not MY bubble to burst, any more than I derive pleasure from painful failure and its manifestations upon any person or group.

What it found is that while the latest housing bubble may have indeed popped, manifesting itself not only in a decline in flipping prices but also a tumble in flipping activity across the US as a percentage of all sales from 6.5% a year ago to just 3.7% in Q1, and down from 4.1% last quarter, flipping, where a home is purchased and subsequently sold again within six months, can still be massively profitable, leading to returns that would make the pimpliest 25-year-old, math PhD HFT-firm owner green with envy.Among the core findings was that the average sales price of single family homes flipped in the first quarter was $55,574 higher than the average original purchase price.

I have manifested it since the age of 8.