There’s nothing like be rebutted with my own quote – LOL. Your point is well taken though – that is still a lot of money.
If memory serves, $300k was near the bottom in LJ in 1996. At a 3% annual rate of increase that would indicate to a $415k “should be” value in 2007. Of course, that “should be” is an entirely hypothetical value. If we ever see it again it will probably only be for a fleeting moment as the market passes it on its way to overcorrecting.
