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August 27, 2007 at 1:28 PM #81790August 27, 2007 at 1:49 PM #81647ibjamesParticipant
I was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.
Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3
August 27, 2007 at 1:49 PM #81781ibjamesParticipantI was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.
Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3
August 27, 2007 at 1:49 PM #81799ibjamesParticipantI was having the same thoughts, 2002 was high also, and things should have slowly started to trend down correct? The rates were dropped though, so things shot through the roof.
Sometimes I think CA residents have gotten accustomed to thinking of housing being a high cost. Kind of like gas, we used to balk at paying 2.50, now we cheer if it’s under $3
August 27, 2007 at 1:55 PM #81665bsrsharmaParticipantHow about “I am renting – I sold at the peak”
August 27, 2007 at 1:55 PM #81798bsrsharmaParticipantHow about “I am renting – I sold at the peak”
August 27, 2007 at 1:55 PM #81816bsrsharmaParticipantHow about “I am renting – I sold at the peak”
August 27, 2007 at 1:59 PM #81671NotCrankyParticipantHow about “I am renting – I sold at the peak”
Got bullet proof glass?
August 27, 2007 at 1:59 PM #81805NotCrankyParticipantHow about “I am renting – I sold at the peak”
Got bullet proof glass?
August 27, 2007 at 1:59 PM #81822NotCrankyParticipantHow about “I am renting – I sold at the peak”
Got bullet proof glass?
August 27, 2007 at 2:17 PM #81537PadreBrianParticipantcyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.
It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.
August 27, 2007 at 2:17 PM #81669PadreBrianParticipantcyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.
It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.
August 27, 2007 at 2:17 PM #81688PadreBrianParticipantcyphire, your graph is what other graphs are saying if you look at the 2002 level on your graph you can see that is the high that should be today’s prices adjusted for inflation. Draw a line from 1900 to 2001 and you can see a natural slow rise in home prices when adjusted to inflation.
It is also figures the fed will keep printing new funny money just to keep the interest rates low..yes this also causes inflation to rear it’s ugly head. This whole market is a mess.
August 27, 2007 at 2:21 PM #81686lendingbubblecontinuesParticipantMy bumper sticker: “Told you so”
August 27, 2007 at 2:21 PM #81820lendingbubblecontinuesParticipantMy bumper sticker: “Told you so”
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