You’re assuming that nominal pricing of anything is linear, which it is often not. Especially when we’ve gone from no-drama Obama in charge to the drama queen in chief with his retinue of clowns.
A significant % of SD County’s population is very worried right about now, and worried people don’t like to sign long-term leases, spend money, or invest in property with family. It’s depressing, because the situation of most immigrants (legal or not) isn’t much different than my family’s 40 years ago.
Question is, will the left side of the aisle do everything in its power to provoke chaos before the 2018 and 2020 elections? It’s telling that Yellen (Obama appointee) is yipping about raising rates, even with crummy growth estimates for Q1-17:
