“What’s the deal with CV? Let me explain it to you – I5N and I15N at 5:30 pm on any given day, nuf said.”
Well, not quite nuf.
If CV was worth 20% more than another area before, it should be worth 20% more now. Traffic hasn’t changed that much. And an extra buck a gallon for gas doesn’t add up to enough to change the equation that much. And all the other stuff listed is also the same as it was a few years ago. As prices in the higher end areas continue to fall (later in the cycle than the other areas, as usual), CV should fall with them. The greater price difference than the historical one between CV and other areas is temporary. The market will sort it out in the long run as people refuse to pay more for a CV premium than it’s worth.
