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(Detroit) River deep, (debt) mountain high, from Jim the Realtor

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This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Gonzo San Diego broker Jim Klinge, has another video on his site that captures, in one minute, the way bubble markets distort perceptions of value. In this one, he shows us a lot with a tear-down house that sold for $1.3 million a few years ago. It has a view of the ocean, or what Jim likes to call the ‘Detroit River’ depending on which you choose to see. Here’s the link.

--Peter Y. Hong

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