Home › Forums › Financial Markets/Economics › Debate: House prices will not reach their bottoms until › AN wrote:Nationally, price
[quote=AN]Nationally, price went up 43% between 1960-1970: http://www.census.gov/hhes/www/housing/census/historic/values.html. Price nationally rose another 52% between 1970-1975: http://www.realestatedecline.com/homepricehistory.htm. So, I don’t see how you can say those gains = “didn’t move much at all”. They did rose sharply between 75-80, but only by 77%.
As for San Diego, accord to here: http://www.laalmanac.com/economy/ec37.htm, I don’t see any decline. At least not from 1982 forward. Maybe you’re talking about 1980-1982.[/quote]
I was there. prices were flat in the early 70’s. then they rose.
Robert Schiller remembers it too.
http://calculatedriskimages.blogspot.com/2011/05/shiller-real-house-prices-ny-times.html