In charlotte 98-2002 rents and house prices went down. 02 rents recovered rapidly followed by a construction boom that saw house prices roughly stagnate but they sucked the wind out of the rents and by 05 rents were pathetic.
Hmmm proof that different real estate markets do not move in the same direction…
Cow, I believe since the discussion was about a Del Mar house, that all comments regarding inflation has been referring to San Diego’s core inflation rate, which has been above the national inflation rate for the last few years. Of course North Carolina will not have the same statistics. (did you live in San Diego recently? things are pretty expensive here).
