I wrote a piece for voiceofsandiego.org, the intent of which was to introduce people to my preferred valuation approach (and to give a quick overview of where we are now). Probably not a whole lot new for longtime Piggs, but possibly of interest to newer readers.
Here’s the synopsis:
A good approach to measuring the “expensiveness” of San Diego housing is to compare home prices with local rents and incomes, which together encompass the most important drivers of home prices. This shows homes to be unusually pricey right now, though nowhere near levels reached during the bubble.
And the link: