2003 would be seven years, last I checked, so I happily ignored it (and I was being generous at 8, you know I’m a 2001 guy). And, yes, sdr’s deal is even better (and I actually trust that he’s correct).
Remember, to 1997/98 folks, 2001 was starting to look expensive. Things really didn’t get that much better about San Diego in that four year period either, but at least you could point to something meaningful in that prices may have been “cheap” in 97/98 coming off the early 90’s bust and there was a tech boom or something in there (and a bust that didn’t seem to have any ill effects).
Three sold at 2001 nominal was an exaggeration, of course, because I have no idea what the number is. I just don’t think it’s all that high. At least not in the areas I know anything about.
