Alan Greenspan and Loans

The West Coast market has been identified numerous times as a market of faster and greater appreciation than other national markets. Alan Greenspan has once again stated his concerns about some banks taking risks on unsafe lending practices in order to make loans in extreme markets which may be part of a local market bubble. Elsewhere, this market is not considered a bubble that will "burst" but one that will slow with lower appreciation over a longer period of time than seen in the recent past.