[quote=sdcellar][quote=AN]Please explain: “So, much of the growth is normal, but it would be unwise to assume it’s all natural.”
How can something be normal yet not natural at the same time?[/quote]Focus on the words “much” and “all”.

North county coastal as a population center grew in the past decade (moreso than say, Clairemont), so that would be normal (perhaps I should say explainable). The bubble was what most of us would consider unnatural and it affected NCC as much as it did any other part of the county.[/quote]
Got it now. I agree that bubble is unnatural. Yet, even with these unnatural purchases, resale today is still down to ~1996.