Even RE shills concede 2006 California real estate was at the peak of an epic bubble. But they insist that NOW it’s different. No bubble here. Well let’s review, shall we? Here are the first homes I found just randomly searching for homes that sold around the last bubble peak and are listed now. These are not cherry picked. So let’s compare the epic bubble prices of 2006 to the ‘no bubble’ prices of 2019.
04/2006 498k sold 04/2019 listed 610k
09/2005 459k sold 04/2019 listed 549k
08/2006 522k sold 04/2019 listed 699k
08/2006 600k sold 04/2019 listed 899k
02/2007 650k sold 04/2019 listed 980k
03/2006 480k sold 04/2019 listed 829k