This is an interesting read. Thanks for posting it asragov.

San Diego is overvalued by 29.6%, yet the report ranks it as being “moderately overvalued”. San Francisco is overvalued by 29.7%, but it is considered “overvalued”.

San Diego has a coef. value of only 0.512 and a t-Stat of 4.6. That surprises me a little. Maybe this is related to factors like relatively lower incomes and high traffic volumes? Don’t know. San Jose has a coeff of 2.196 and a t-stat of 31.9. Personally, I think San Diego is much more liveable than San Jose.

Tongue in cheek comment related to powayseller thread: On second thought, this report reeks of data and statistical analysis. The author should have included real life subjective data points, like realtor interviews, to make it more factual.