housing already in 2001 prices considering inflation, how low can it go? and why?

[Wrangler]

Many houses, especially new houses (size 3000+ sqft) in Northern Inland are about $220 per square feet while many houses sold in 2001 in the same communities were about $170 per square feet. Assume 4% annual inflation rate, that is about 27% increase in price in 6 years, Salary should have also increased about 27% since 2001. Thus today’s $220 per square feet price looks to be reasonable? Of course it assume if we think 2001 is reasonable. The the question is, how low it can go? Any point going down is overcorrecting in a down market? Thanks for sharing your opinions.

[cashman]

I’m finding prices way below what your stating, but probably not in the same area. Around Temecula, Murrieta and Elsinore, I’m finding new houses priced as low as $105 a foot. I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less.

[cashman]

I’m finding prices way below what your stating, but probably not in the same area. Around Temecula, Murrieta and Elsinore, I’m finding new houses priced as low as $105 a foot. I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less.

[cashman]

I’m finding prices way below what your stating, but probably not in the same area. Around Temecula, Murrieta and Elsinore, I’m finding new houses priced as low as $105 a foot. I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less.

[cashman]

I’m finding prices way below what your stating, but probably not in the same area. Around Temecula, Murrieta and Elsinore, I’m finding new houses priced as low as $105 a foot. I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less.

[cashman]

I’m finding prices way below what your stating, but probably not in the same area. Around Temecula, Murrieta and Elsinore, I’m finding new houses priced as low as $105 a foot. I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less.

[Jumby]

“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”

Cost of materials are dropping also…

http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj

[Jumby]

“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”

Cost of materials are dropping also…

http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj

[Jumby]

“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”

Cost of materials are dropping also…

http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj

[Jumby]

“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”

Cost of materials are dropping also…

http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj

[Jumby]

“I, too am wondering how much lower can it go, as I don’t see how a builder can actually build for any less”

Cost of materials are dropping also…

http://online.wsj.com/article/SB119578061831901674.html?mod=googlenews_wsj

[Wrangler]

i was referring to Ranch Bernardo/4S ranch areas

[Wrangler]

i was referring to Ranch Bernardo/4S ranch areas

[Wrangler]

i was referring to Ranch Bernardo/4S ranch areas

[Wrangler]

i was referring to Ranch Bernardo/4S ranch areas

[Author]

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