sdr, the only reason we’re hung up on the base period is because 98 is when the appreciation started. But it brings up an interesting point that the appreciation peaked at different times for different areas and types of homes.
Prices on the coast most certainly appreciated more from 98-01, at least in PB and La Jolla areas. In fact, my condo in PB gained 130% during that time period before I sold in late 01. Of course it continued going up since then but not nearly as sharply. Prime La Jolla real estate also made most of its gains by 2001. You can check the mls if you don’t believe me.
