A Bubble Primer

New visitors may find the following background articles useful:

Shambling Towards Affordability -- Jan 2014 -- The most recent update of the long term charts comparing San Diego home prices and monthly payments to local rents and incomes.

Piggington Jumps the Shark -- Jan 2012 -- Some thoughts on why I decided to buy a home.

Measuring Home Prices -- May 2007 -- An in-depth look at the pros and cons of various home price measurements (written for voiceofsandiego.org).

The San Diego Housing Bubble -- Feb 2007 -- A comparatively brief article arguing the existence of a huge speculative bubble in San Diego housing.

Evidence of a Southern California Housing Bubble -- Nov 2005 -- A more in-depth case for a bubble in San Diego as well as other regions Southern California (updated and expanded from a piece originally written in mid-2004).

Risks of a Serious Home Price Decline -- Nov 2005 -- A case against the prevailing (at least at the time the article was written) belief that home prices would not fall.