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February 5, 2008 at 2:14 PM #148468
no_such_reality
Participant

Give it time, you’ll see 1989 prices again.

No, that’s not a typo. 1989.

I’ve been snooping through sales records and realized today that 1989 prices in the OC are roughly equal to the 1999/2000 prices in the OC.

That’s nominal, not real. Nominal.

Does that put a real estate cycle in perspective for people?