Prices reasonable in San Diego, but where is the bottom?

No_Such_Reality_IHB

No_Such_Reality_IHB

New member
Rich did another wonderful write up full of chartp0rn down on <a href="http://piggington.com/shambling_towards_affordability_december_2008_edition">Piggington.com</a>



Sample $mut:

<img src="http://piggington.com/images/dec08pricetoincome.gif" alt="" />

<img src="http://piggington.com/images/dec08pricetorent.gif" alt="" />



Anybody think San Diego is going to blow on by the 1977 low?



Will OC look like this next year?
 
The case-shiller should get to 150 again; might take another year. Watch the interest rates as well. Interest rates back in 77 and 86 were crazy high. Right now they are at record lows. It's all about the timing.
 
[quote author="PadreBrian" date=1238113461]The case-shiller should get to 150 again; might take another year. Watch the interest rates as well. Interest rates back in 77 and 86 were crazy high. Right now they are at record lows. It's all about the timing.</blockquote>


The Case-Shiller is going back to 80 - IMO.
 
[quote author="no_vaseline" date=1238116105][quote author="PadreBrian" date=1238113461]The case-shiller should get to 150 again; might take another year. Watch the interest rates as well. Interest rates back in 77 and 86 were crazy high. Right now they are at record lows. It's all about the timing.</blockquote>


The Case-Shiller is going back to 80 - IMO.</blockquote>


Yes, but what will a gallon of milk cost?
 
[quote author="freedomCM" date=1238067256]you missed the other thread that anonymous posted and we were talking about this?</blockquote>


Apparently.
 
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