Somebody asked if the $300k number I tossed out there was for the county or for RB.
Actually, it was specific to the $575k range price in RB from early this year. Not only that, but it was a purely hypothetical number that was based on the premise of “what if this peak had topped at +25% in 2001, and the market corrected the same way it did in the 1990s?”
The market obviously didn’t top out then, this peak was far larger than a mere +25% above the long term trend, and if for some reason an RB home that sold at $575k in 01/2007 did bottom out at $300k it would just be a coincidence.
