Business 2.0 has just released their list of 101 Dumbest Moments in Business for 2005. And we’re not too thrilled to report that the San Francisco Bay Area real estate market made the list. Coming in at number 67:
67. Can’t keep up with the Joneses? Heck, it’s bad enough just trying to keep up with the appreciation on their dilapidated Victorians.
In March the median price of a single-family detached home in the San Francisco Bay Area rises more than $1,000 per day. By month’s end, it swells to $106,000 above the previous year’s median — 43 percent more than the area’s estimated average household income of about $74,000.
Well, when you put it that way…
∙ 101 dumbest moments in business: Real estate [Money/CNN]