For housing prices, we have data going back to the 1800’s showing prices rise with inflation. For San Diego, we have data going back 2 other cycles, to see how they revert.
Housing prices are basically dependent on the fundamentals: jobs and wages. So it comes down to the price/income ratio or HAI (home affordability index).
I thought bringing in data would keep the emotion out of it. Why can’t we make predictions around here, using proven methods such as reversion to the mean, without people getting upset?
sduude, you sold your house, so why do you care how much houses go down?
