RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?
Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.
That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.
