[quote=sdcellar]That said, I am not saying that we’re 90% (or 85%) of the way there. To me, it’s a heck of a lot more complex than that. At the higher end, it simply seems like there’s got to be a ways to go, but even with individual lower end properties, I see prices that are still whacky.
I suppose I’m a big fan of ocrenter’s notion of 2001 prices being the right balance, but with all the machinations and madness going on, who knows?[/quote]
Is the higher end no longer whacky? Don’t you still think there’s a ways to go on the down side? Shouldn’t you be waiting for 2001 nominal price? Why settle for a 2001 inflation adjusted price?[/quote]Oh, the higher end is still whacky, but there are individual properties that are decidedly less so. People are still happy to overpay for CV. I suppose it’s a different strokes for different folks thing.
I’d love to get 2001 nominal price, but I can live with inflation adjusted (explained that to you at length just a short while ago). I believe this place is somewhere in the middle and I’d like to get this home buying thing behind me and move on the next thing at some point. I also think the further we get from 2001, the less realistic nominal becomes and I just don’t have the mental capacity to figure out March 2001 nominal price inflation adjusted since May 2009.
