Introduction

The realization that a housing bubble exists seems to becoming more evident everyday, at least by observing the amount of mainstream and alternative media coverage in recent weeks. As others have pointed out, the current housing bubble is reminiscent of the Nasdaq bubble of 1999-2000 with blogs serving as the new yahoo message boards for sounding off on others prognostications and predictions. Since the good people at Google have made blogging so easy, I have decided to jump on board in order to offer my perspective on the current housing bubble, especially as it pertains to the Jersey shore, or as us locals call it, the beach.