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Greg

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According to this SDSU piece, we're at the highest point in a decade - but without the same conditions that popped the last bubble.

http://www.sandiegouniontribune.com/business/real-estate/sd-fi-san-diego-home-price-march-20170425-story.html

rickencin

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This times it's different?  Uh, ooh!

I think Bruce Norris said that peak prices occurred at around 17% affordability.  According to CAR, CA is at 31%.  San Diego is at 26% and San Francisco has already crossed the threshold at 13%. 

http://www.car.org/marketdata/data/haitraditional/

If you use the arrows at the bottom you can get to slide 9 of 9 that has county affordability.

 

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Greg

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Originally Posted by rickencin
This times it's different?  Uh, ooh!

I think Bruce Norris said that peak prices occurred at around 17% affordability.  According to CAR, CA is at 31%.  San Diego is at 26% and San Francisco has already crossed the threshold at 13%. 

http://www.car.org/marketdata/data/haitraditional/

If you use the arrows at the bottom you can get to slide 9 of 9 that has county affordability.

 


The piece did say it was different this time. At least different than the last time with the junk loan mess.

Next question: how long will it take to hit 17% ?


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