[quote=SK in CV]Nationally. Housing prices didn’t move much at all from about 1960 to 1975. They rose sharply through the end of the decade.
Prices did go down in the early 80’s. At least they did in San Diego. Builders got killed with unsold inventory and high interest rates. I was one of them.
I mistyped or misedited, I changed that paragraph a whole bunch. Interest rates peaked in 1980 and fell through the next decade.[/quote]Nationally, price went up 43% between 1960-1970: http://www.census.gov/hhes/www/housing/census/historic/values.html. Price nationally rose another 52% between 1970-1975: http://www.realestatedecline.com/homepricehistory.htm. So, I don’t see how you can say those gains = “didn’t move much at all”. They did rose sharply between 75-80, but only by 77%.
As for San Diego, accord to here: http://www.laalmanac.com/economy/ec37.htm, I don’t see any decline. At least not from 1982 forward. Maybe you’re talking about 1980-1982.
