PricewaterhouseCoopers has declared San Diego the “Best Region for Real Estate Investment” in 2006. And with that, I’m pretty confident in awarding the “Worst Forecast in 2005.”
The report, co-authored by the Urban Land Institute and entitled “2006 Emerging Trends in Real Estate,” is claimed by PWC to be “the most predictive forecast” in existence. This seems a little surprising given that their methodology apparently consists of the following:
- Find a market whose prices increased wildly from 1999-2004 (though not in 2005)
- Identify this price increase as an “emerging trend”
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