Also to put 80% growth in 10

[Eugene]

Also to put 80% growth in 10 years in perspective – say what you will about Escondido and Valley Center, but here’s a nice house that closed just 9% above 2000 purchase price last month:

http://www.sdlookup.com/MLS-100002037-2629_Old_Spanish_Escondido_CA_92025

This one in Valley Center is up 6% since 2000:

http://www.sdlookup.com/MLS-090063856-18728_Clearview_Ln_Valley_Center_CA_92082

This one in Bonita below 2001 purchase price:

http://www.sdlookup.com/MLS-090036716-373_Camino_Elevado_Bonita_CA_91902

[quote]That is a huge amount of unmet demand. [/quote]

I’d call that unmet supply. Among people who wanted to buy in NCC and didn’t, many bought elsewhere or moved out of the county. Among people who wanted to sell and couldn’t, all of them still own their houses, some of them are renting out temporarily, waiting for the market to “recover”.