"Everybody I know is trying to do flips right now. It's like the day trading of the 1990s," Nordine said. "We went straight from Armageddon to speculation; there was nothing in between this time." Still, Nordine is advising clients to buy now if they can, citing low interest rates and low risk of another foreclosure crisis." That is how the American economy works now," he said. "It seems as if we just go from one bubble to the next."
L.A. TIMES, APRIL 2013