[quote=AN]Where’s your data about the depressed housing price? Here’s the data from the census: https://www.census.gov/hhes/www/housing/census/historic/values.html

Median home value:
2000 1990 1980 1970 1960 1950 1940

United States $119,600 $79,100 $47,200 $17,000 $11,900 $7,354 $2,938
California $211,500 $195,500 $84,500 $23,100 $15,100 $9,564 $3,527[/quote]

It looks pretty depressed from 1990 to 2000. Went up merely $16K (8%) for california for the whole 10 years. The rest of the other decades prices went up from 50% to >%300.