[quote=carlsbadworker][quote=peterb]Home prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.[/quote]
1997 pricing? But in the other thread, didn’t TG already see 1985 pricing? I am sure our income is much higher than that time and the price of borrowed money is much much lower as the nation was running double digit interest rate at that time.
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I have seen 1981 pricing in the Temecula Valley,
All you have to do is look at some of the older Neighborhoods .
That does not mean that you will see that on a 2000 – 2005 Mc-mansion home however, just on homes people with money are not interested in buying to live in at the moment.
Also someday soon (1-3 years) you will have to pay enough for a home that someone would be willing to build for you at that price, just my two cents.
