Here's an irony, at least for us 'bubble busters.' But the Bulletin feels it necessary to defend itself from slanted coverage of the real estate market -- for being too negative!

Funny. But we bubble busters don't buy ads, do we?

When I first saw the drop in building permits, the 67.1% didn't seem enough; 143 starts vs 434. But the math is right.

There is the little matter of Bend's starts dropping 74.3% however.

I'm trying to imagine what I'd feel if I saw my future business dropping almost 75%. I'd be looking for an out, that's for sure.

Those are some horrendous numbers.