FOR SOME PEOPLE "BURST BUBBLE" MEANS "RECORD INCREASE IN VALUE":

LA/OC home values still up 71% under Bush (Jon Lansner, 10/28/08, ocregister.com)

* LA/OC home values are still up 70.6% since Bush took office in January 2001. By the way, at one point, local prices were up 147% (September 2006) under Republican Bush.

* That handily beats President’s Clinton era (Jan. 1993-Jan. 2001), when local prices rose only 31%. For those who wonder: Local prices must fall another 27% by January 2009 for Bush and Democrat Clinton to tie!