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Its perfectly accurate when it records a SALE though. See the little circle with the $$$ in it??? Thats not an estimate. Thats the actual sale price. The zestimate is horribly lagging though. The market is well below the zestimate.

Too bad you are already wrong. Im watching san diego homes hit 2003 prices as we speak. Here is one of many examples

No, the normal ratio is more like a median of 8 to 1, but we hit about 15 to 1 in this bubble. 10 to 1 is the top of the previous bubble. We are still above that. If we hit the trough, like we did after previous bubbles, then we are looking at 7 to 1 Using a 55K median income...

They will only add it in if house prices crash to really low levels and it makes CPI look lower. Lets face it, the substitution game they are playing is simply fraud. The CPI number is virtually useless. They should be sued for publishing fraudulent numbers like this.

For a good laugh read http://www.signonsandiego.com/news/business/20070930-9999-1b30inflate.html Did you know that housing prices are not included in CPI, only rents?? HAHAHHAHAHAHAA I about spit my coke out.

I think we have another 20 to 50% to go in many parts of california. If you look at the ratio of income to home prices we are still 6% over the previous housing bubble. With crazy lending practices gone and many places requiring 20-25% down now, there is no one left to buy homes...

Banks cant keep up with the flood for foreclosures so they allow people to stay in their foreclosed homes. This article is eye opening. We are years away from a bottom. http://www.bloomberg.com/apps/news?pid=20601109&sid=aOluOO8Vy0gc&refer=home

Sorry, but you have no clue what you are saying. Without a strategy that works, nothing else matters. 90% cant even find a strategy that works. Executing it consistently is a whole other problem.

Some homes worth less than their copper piping http://www.reuters.com/article/newsOne/idUSN2527885420080401?pageNumber=1&virtualBrandChannel=0

Lives destroyed http://money.cnn.com/2008/03/31/news/economy/copes/index.htm?postversion=2008033105

Angry people destroy their home before bank takes it http://online.wsj.com/article/SB120665586676569881.html?mod=hpp_us_pageone Were still just getting started.

Seems perfectly legal to trash YOUR OWN home. Its yours until they foreclose.

The after math http://money.cnn.com/2008/03/27/news/economy/hager/index.htm?cnn=yes

That is a graph of the ratio of home prices to median income, so inflation is already taken into account.

No they are not. This is statistical cherry picking by moronic cheerleaders

Mick Pattinson, president of Carlsbad-based builder Barratt American Inc., which constructs homes and condominiums in Southern California, said the company cut almost half of its 140-person staff. ``This is easily the worst housing recession I've experienced, and I've been through four of...

But all real estate is local and in san diego, adjusted for inflation wages have barely moved compared to everything else: 2005 0.6% 2006 0.2% 2007 2.7% <----- finally a real increase, barely Now compare that 2.7% to the cost of living in san diego, and affordability has drastically...

Thats a good point about property taxes. The next set of bargain buyers will be paying half in property taxes. Havent decided where to buy. But in the 2-3 year time frame after we have reverted a bit more I plan to buy a 3 bedroom for cash somewhere in san diego. Im thinking closer to down...

Dont worry. Its always better to rent than buy. Tell that the people who bought in 2006 in san diego and are 200K to 300K under water now. :eek: Lives are being destroyed and the immoral scum bag realtor cheerleaders keep telling all my friends to buy buy buy. Real estate is possibly...

The 2024 line I drew would only happen if this bubble deflated at the same rate as the previous bubble. But the fact is, its not deflating, its popping. Its already deflated at about 3X the rate of the previous bubble. A house I was looking at the other day was $650K near the peak. A house...