Interest rates and inflation account for higher cost and price of just about everything everywhere. Devalue the dollar and flood with currency and prices will rise. I don’t think anyone would disagree with that.

For me the question is what explains the rest of it. Why do prices rise more and faster here than Cleveland? Why do single family homes rise more than condos. Why has beach area properties appreciated more than East County?

While he did an excellent job, I think it’s just showing how markets behave in general and I’m always looking for the exceptions that allow one to beat the market. Am I missing something?