I’m seeing 18,930. What are you entering for your search parameters? On the link page you included, I do see the 20K number, but in my account when I include all SD communities in the search I get 18,930. They must be including some additional communities into the count on the page you linked to..
What will the price be for homes to get them back to the historical average in San Diego of 9 times earnings?
Wikipedia estimates 2005 household incomes to be around $64k, so if you were willing to say that the Clairemont demographics of people moving into starter homes have an average household income of around $40k, then the starter house in that area would revert to roughly $360K, so that matches your first estimate of nearly a 27% drop.
The other question is how long will it take them to get there?
Doesn’t it have something to do with the unprecedented trade imbalance and with balancing the Financial and current accounts? Has anyone out there read “The Dollar Crisis” by Richard Duncan?
So the chart may be foretelling a drop in oil prices in the near future… What other indicators can you look for to confirm that information, before you could make a trade on it?
