Yes, that’s right folks, it’s the housing bubble déjà vu all over again – at least in the City of Angels. According to news stories published this week (Los Angeles Times and CBS), housing prices rose 28.3 percent since last June.

A funny thing is happening again in the housing market in my neighborhood; houses are jumping in price by 30% or more. Now, it’s not like housing ever really “bottomed” out here – housing prices did dip a bit, about 15-20%, but they were still very expensive compared to the rest of the nation.