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December 18, 2012 at 11:08 PM #756631
an
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[quote=SK in CV]At least the first link you provided also was inflation adjusted (2000 constant dollars).

Here’s what I know. I built 75 virtually identical units in 1980-1981. The early units sold pretty quickly at $71-$72K. By the end of 1981, I barely had nibbles. It took me until the end of 1983 to sell the last units for $66K.

The same houses were selling for less, in 1984 than they did in 1980.

Here’s a chart from this blog showing median prices essentially flat during that period.

http://piggington.com/historical_home_prices_payments_rents_and_rates%5B/quote%5D
You’re right, one of the link I provided have a inflation adjusted chart. But if you look to the right of that page, you’ll also see nominal prices for every year since 1968.

I don’t doubt that you have experienced declined on the houses you built. However, a single data point does not dispute my point. We can look at what’s going on in housing right now for a prime example. Carmel Valley is basically near peak value again while Temecula is still far from it. There was a time when Temecula was down and Carmel Valley was flat or up. We all know RE is very local. So, where were these houses that you built? That might explain the decline you see on your houses while the average was going up.

BTW, the chart you provided, the inflation adjusted show price declining but the nominal chart show price flat to increasing. So, are you talking about inflation adjusted or nominal?