Home › Forums › Housing › NORTH PARK (92104) SFAMILY HOMES NOW AT 2005 BUBBLE PRICING. › Not looking at hard data as I
Not looking at hard data as I write this but this is the area where I live and specialize in.
It seems that the SFRs in desirable uptown neighborhoods have a relatively less elastic demand curve than most of the county.
Prices there seem more like 2007 than 2005 but again I am not looking at data as I write this.
Simply put, prices don’t really need to drop there much for desire and easy lending to create effective demand.
Thats why anything with a second commode (like even in the garage) gets an extra 100k in value there.
