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A Bubble Primer

New visitors may find the following background articles useful:

Shambling towards affordability — A recent-ish update of the long term charts comparing San Diego home prices and monthly payments to local rents and incomes.

Piggington Jumps the SharkJan 2012 — Some thoughts on why I decided to buy a home.

Measuring Home PricesMay 2007 –– An in-depth look at the pros and cons of various home price measurements (written for

The San Diego Housing Bubble Feb 2007 –– A comparatively brief article arguing the existence of a huge speculative bubble in San Diego housing.

Evidence of a Southern California Housing Bubble — Nov 2005 — A more in-depth case for a bubble in San Diego as well as other regions Southern California (updated and expanded from a piece originally written in mid-2004).

Risks of a Serious Home Price Decline — Nov 2005 — A case against the prevailing (at least at the time the article was written) belief that home prices would not fall.