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Xithras

(16,191 posts)
7. San Francisco is in a bit of a real estate bubble at the moment.
Thu Feb 6, 2014, 01:14 PM
Feb 2014

And just like the last bubble, everyone there is in total denial that it's a bubble. The entire thing is being sustained by a one-note economy that has been correction bound for several years now. When it collapses (and considering the grim portents out of both Twitter and Facebook recently, there will be some type of serious contraction soon), the people stuck in these $10k a month 2 year leases are going to feel like idiots when the new neighbor moves in at a quarter of that price.

I wouldn't get too worked up about the caliente thing though. Mixing English and Spanish in casual conversation has been a regular thing in California for as long as I can remember. It happens so often that nosotros no pensamos esta. The suggestion that "white people" shouldn't use Spanish words, a practice that most of us "normal" Californians grew up with (as opposed to the lily white wannabes who grew up in middle class suburbia), is unnecessarily divisive.

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