Zeev's Turnips Patch-No Politics (ZEEV)

[Benj]

Bearmove,

Yes, I am aware of that. Housing does seem stable down there even though friends businesses have been down 20-30% year over year for the last few.

How much in general did housing increase in the bubble years in San Diego? I know it would vary from place to place. In Carmel, for an extreme example, houses appreciated 50% a year for a few years. In general around here probably 25-30%. Silicon Valley at the root of course. Now that it has been decimated people are leaving for lack of work. Houses are sitting longer and longer. Many for sale signs around.

San Diego may be more insuated as it is probably more diversified and does not rely on any one industry. Just my guess.