San Diego Housing Market News and Analysis
Calling the bottom with a Sharpie
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Submitted by CricketOnTheHearth on March 19, 2009 - 1:41am
OK, all you diligent, analytical numbers-crunching Piggs are probably going to fall over out of your chairs at this one. No matter, we exist to give each other a laugh now and then.
What follows is an artistic stab at extrapolating the current curves of housing price graphs. I simply sketched in the down side of the given curve, assuming it would be fairly symmetrical from up side to down side. I projected this till its height was roughly even with the height of the previous low (1996).
I first tried this a year ago, with the graphic from Rich's article "This just in: San Diego Homes Are Overpriced:
A year later, I found myself trying the same thing with the latest Case-Schiller numbers:
I thought it interesting that in both cases my "Sharpie-projected bottom" comes out about 2013.
Let the comments, laughter, etc ensue.
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