Responsible Real Estate
Last week, Terra Non Firma took a look at the list of the most overvalued real estate markets in the country (courtesy of this USA Today article) and found California extremely overvalued. Los Angeles is ranked 20th on the list of markets (with nearby Riverside way high on the list at 3rd). So, for all you prospectors with big pockets and a desire to get in on the housing price bubble, you can do so without feeling like such a capitalist pig. The Christian Science Monitor has some tips on ethical real estate investing today which includes turning your investment properties as green as they can possibly be (we're talking environment not profit here) and putting your money into a group real estate and building funds that buy and develop properties for affordable housing.