paranoid wrote:4 years ago,

[(former)FormerSanDiegan]

[quote=paranoid]4 years ago, their methodology would predict that housing price would never fall.[/quote]

Wrong.

The first sentence in the article indicates that it was overpriced by about 40% according to their method.

Also, the chart indicates that their expected value for the price was just above 350K in 2005, while the median was just above 500K.