Loudoun County "ran out of stupid people"

Monday, December 12. 2005

Posted by Nate Johnston in Local at 10:56 | Comments (0) | Trackbacks (0)

BusinessWeek has an article on the deflation of the Loudoun County housing bubble (via SST). Best line in the article:

There's another explanation, says insurance agent Joe Kelly over lunch downtown at the Leesburg Restaurant. "They ran out of stupid people."

But the article does say that Loudoun has strong fundamentals: good schools and job growth. I think that real estate, while suffering a momentary deflation, will continue to be a good investment here.

Last modified on 2005-12-12 11:07

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