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To: GodGunsGuts

As I said, housing was a great buy in 2000, particularly if you knew interest rates, and thus cap rates, would decline. But yes, I think San Diego is a bit more overvalued than Orange County, and even more so vis a vis LA County. LA County has all those Mexicans pouring in, which has an impact, a rather substantial one.


246 posted on 10/28/2006 1:17:19 PM PDT by Torie
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To: Torie
Found the chart I was looking for. In addition to San Diego, it would appear that the rest of So. Cal. housing is significantly overvalued as well.


297 posted on 10/29/2006 9:33:11 AM PST by GodGunsGuts
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