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CAwireman.
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August 21, 2008 at 2:32 PM #259904August 21, 2008 at 2:37 PM #259633
(former)FormerSanDiegan
ParticipantOK kewp you are right. Let’s use oil as the fundamental metric to assess price and returns.
Q: Was there a bubble in housing in San Diego from 1998 to 2005?
Prices in 1998 …
Median-priced house: 195 K
Barrel of oil: $11.91
That’s 16,373 Barrels per house.Prices in 2005
Median-priced house: 540 K
Barrel of oil: $50.04
That’s 10,800 Barrels per house.A: Nope. There was no housing bubble. As measured by barrels of oil, housing prices actually declined by 34% in San Diego from 1998 to 2005.
August 21, 2008 at 2:37 PM #259826ParticipantOK kewp you are right. Let’s use oil as the fundamental metric to assess price and returns.
Q: Was there a bubble in housing in San Diego from 1998 to 2005?
Prices in 1998 …
Median-priced house: 195 K
Barrel of oil: $11.91
That’s 16,373 Barrels per house.Prices in 2005
Median-priced house: 540 K
Barrel of oil: $50.04
That’s 10,800 Barrels per house.A: Nope. There was no housing bubble. As measured by barrels of oil, housing prices actually declined by 34% in San Diego from 1998 to 2005.
August 21, 2008 at 2:37 PM #259840ParticipantOK kewp you are right. Let’s use oil as the fundamental metric to assess price and returns.
Q: Was there a bubble in housing in San Diego from 1998 to 2005?
Prices in 1998 …
Median-priced house: 195 K
Barrel of oil: $11.91
That’s 16,373 Barrels per house.Prices in 2005
Median-priced house: 540 K
Barrel of oil: $50.04
That’s 10,800 Barrels per house.A: Nope. There was no housing bubble. As measured by barrels of oil, housing prices actually declined by 34% in San Diego from 1998 to 2005.
August 21, 2008 at 2:37 PM #259887ParticipantOK kewp you are right. Let’s use oil as the fundamental metric to assess price and returns.
Q: Was there a bubble in housing in San Diego from 1998 to 2005?
Prices in 1998 …
Median-priced house: 195 K
Barrel of oil: $11.91
That’s 16,373 Barrels per house.Prices in 2005
Median-priced house: 540 K
Barrel of oil: $50.04
That’s 10,800 Barrels per house.A: Nope. There was no housing bubble. As measured by barrels of oil, housing prices actually declined by 34% in San Diego from 1998 to 2005.
August 21, 2008 at 2:37 PM #259929ParticipantOK kewp you are right. Let’s use oil as the fundamental metric to assess price and returns.
Q: Was there a bubble in housing in San Diego from 1998 to 2005?
Prices in 1998 …
Median-priced house: 195 K
Barrel of oil: $11.91
That’s 16,373 Barrels per house.Prices in 2005
Median-priced house: 540 K
Barrel of oil: $50.04
That’s 10,800 Barrels per house.A: Nope. There was no housing bubble. As measured by barrels of oil, housing prices actually declined by 34% in San Diego from 1998 to 2005.
August 21, 2008 at 2:40 PM #259638ParticipantP.S. – Today the median-price of a house in San Diego is less than 3500 barrels of oil.
Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
August 21, 2008 at 2:40 PM #259831ParticipantP.S. – Today the median-price of a house in San Diego is less than 3500 barrels of oil.
Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
August 21, 2008 at 2:40 PM #259845ParticipantP.S. – Today the median-price of a house in San Diego is less than 3500 barrels of oil.
Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
August 21, 2008 at 2:40 PM #259892ParticipantP.S. – Today the median-price of a house in San Diego is less than 3500 barrels of oil.
Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
August 21, 2008 at 2:40 PM #259935ParticipantP.S. – Today the median-price of a house in San Diego is less than 3500 barrels of oil.
Either there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
August 21, 2008 at 2:55 PM #259643kewp
ParticipantEither there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
Or, there was inflation that manifested itself in real estate and oil prices?
August 21, 2008 at 2:55 PM #259836ParticipantEither there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
Or, there was inflation that manifested itself in real estate and oil prices?
August 21, 2008 at 2:55 PM #259850ParticipantEither there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
Or, there was inflation that manifested itself in real estate and oil prices?
August 21, 2008 at 2:55 PM #259897ParticipantEither there was no housing bubble, or, perhaps the price of oil is not the best fundamental measure.
Or, there was inflation that manifested itself in real estate and oil prices?
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