Home › Forums › Housing › You are all wrong… › davelj – thanks for your
davelj – thanks for your post – you make two excellent points that I think deserve repeating
1. ALL bubbles revert to the trend (OK, only 27 out of 28)
2. prices are set at the margin
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point #1 is why I am confident that I will be buying San Diego real estate at 1998 prices
point #2 is why the rental market in San Diego is in for some hard times (if you are a landlord) – rental rates are also set at the margin