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34f3f3f
16 years ago

I guess that begs the
I guess that begs the question of where prices should be given historical averages, and how far away are we from that?

Anonymous
Anonymous
16 years ago
Reply to  34f3f3f

I really like this way of
I really like this way of representing prices. I moved to CA in late 99 and by late 2000 I knew housing was in a price bubble and I decided to stand aside. I’ll be looking to buy when prices get back to ~2000 levels.

moneymaker
16 years ago
Reply to  Anonymous

Are there any
Are there any indexes/charts/graphs that show rental prices compared to mortgages. The delta of these 2 should be very revealing,that would factor out market/inflation forces and show the true trend for future buying.

an
an
16 years ago
Reply to  moneymaker

I think a graph of 30 year
I think a graph of 30 year fixed monthly mortgage payment would show a better pictures when you compare it to rent. Since most buyer make their initial buying based on rental prices.

an
an
16 years ago
Reply to  an

I took the liberty to run
I took the liberty to run the number and graph it myself. Hope someone find this info useful.[img_assist|nid=7754|title=mortgage history start Jan 1987|desc=|link=node|align=left|width=466|height=276]
[img_assist|nid=7755|title=Mortgage history start Jan 2000|desc=|link=node|align=left|width=466|height=290]

Anonymous
Anonymous
16 years ago

I don’t feel like the
I don’t feel like the mid-priced houses are back at 2003 levels. I’ve been checking out mid-range areas like newer PQ and nice parts of Clairemont. The 2003 comps on sites like sdlookup.com are a lot lower than their current price.