I picked 2004 because that was the peak of the hysterial where people were killing themselves to get into a house. Give me another year and I will look into while I’m on vacation next week. It is hardly a little neighborhood in fact it is one of the largest in NCC and is very representative of this market. I didnt select a price range, I selected a large neighborhood that is very representative of the NCC market and those are all the sales. The range of sales went from 700K to 1.15M which actually is about 3 and maybe 4 separate price ranges. In 2004 that $700K got you a 3BR 1800 sq ft 1 story home built in the late 1990’s. The $1.15M sales were typically 5BR 3500 to 4,000 sq ft. In between is everything you would expect to fall in place between that.
Sorry not everyone financed 100% and took out option ARM’s. You threw out broad statement THAT EVERYONE DID!. Here it is cut and pasted from your post:
“THEY DID WHAT EVERYBODY ELSE DID.”
Thats simply isnt true. My data points PROVE EXACTLY what I intended it to do. You said EVERYONE did and I pulled out a large high profile neighborhood where almost no one did. Case Closed!
