What is the speaker's main concern regarding the housing market in California?
Calculated Risk Blogger Sees Warning Signs in Housing

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shortage of high-end homes
A surplus of high-end homes
A lack of luxury apartments
An increase in low-income housing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which areas in California are mentioned as being heavily invested by Chinese buyers?
Irvine and San Francisco
Los Angeles and San Diego
San Francisco and San Marino
San Marino and Irvine
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the speaker describe the current situation in the California property market compared to 2005?
A declining market
Irrational exuberance
A stable market
A clear bubble
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's view on the relationship between business surveys and hard economic data?
They are directly related
They are unrelated
Surveys are more reliable
Economic data is more optimistic
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the speaker's opinion on the Trump administration's plans for tax cuts and deregulation?
They are unnecessary
They lack concrete plans
They are already implemented
They are well-defined
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