I recently read about a new San Diego real estate booster site up at http://www.sandiegohomeownership.com (in the Transcript, natch, where it was of course considered highly newsworthy). I clicked over there just for kicks, and the first link I visited was "Home Prices/Trends."
Go on, click it. Home Prices/Trends.
Is that chart of the obviously mean-reverting data series ending at the tippy-top of an exponential rise supposed to make me want to buy a house?
Because it didn’t really have that effect at all.