[quote=jpinpb]AN – I understand what you’re saying now and yes, there is a greater gap today between median areas and high end areas than pre-bubble. Maybe eventually an adjustment will be seen.[/quote]
Based on my quick analysis in my prior post, the gap today between median areas and high end areas (LJ) is actually smaller today than in 1986. The house in 92103 you mentioned sold for about the same price as the MM house I mentioned in 1986, so there were no gap. Why is there a gap now. What’s going on in 92103 and why aren’t we seeing the gap widening in LJ as we are seeing with 92103?