Diego Mamani- I see your

[cr]

Diego Mamani-

I see your point and you present an interesting case but it’s conveniently lacking the single most important element of prices: incomes.

Late August 2001 (house price $407K)
Mid March 2008 (house price $700-725K)
172% appreciation in 7 years, roughly 24%/yr.

I’d have to look for exact data, but I’m pretty confident in saying incomes didn’t go up by 172%.