Monday, June 15, 2015

When Turtle talked about "Cheap money," we should have known there was a bubble

As part of my *ahem* research for living in Southern California, I started watching the first season of Entourage. In the second episode, Vince decides to buy a $10 million house after he has turned down a $4 million movie contract. Drama tells him it is OK, because it is, after all, California, where a house worth $10 million this year will be worth $20 million next year. And Turtle tells Vince "he can get money cheap."

The show's first year was 2004. Should have tipped us all off....

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