Buying a house in Clairemont in mid-2003 was a solid move because it was 5% under the market? Let’s keep in mind that price to income ratio was north of 10:1 at the time–the highest in two generations, according to Rich’s excellent graphs. That’s an interesting assertion to make in this forum.
Seriously, is the guy who bought a downtown condo for a whopping 10% under the comps in mid-2005 a genius?
And people wonder why I want to do my own analysis.
