patrick.net

http://www.latimes.com/business/realestate/la-fi-socal-housing-20150829-story.html

Seven years ago when the housing bubble burst, it nearly took down Wall Street and the entire U.S. economy.

This week, the concern was the reverse: That the prospect of an extended dive in the stock market, or even continued volatility, might spook buyers and sellers in Southern California's housing market — just as it has finally normalized after a bust-and-boom cycle.

Blaring headlines about the three-digit swings in the Dow Jones industrial average weighed on buyers such as Christian Lander, a television writer and author, who put an offer on a Glendale house last week, before the stock market started falling. He's proceeding as planned, because he's investing for the long term and doesn't want to react to fluctuations in the market.

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