Evidence of a Bubble in San Diego Residential Real Estate

Rich Toscano says:

From 1999 to 2004, the ratio of population per housing unit increased in total by 2.7 percent. This means that if just three out of every 100 people got a roommate or moved in with the folks, there would actually be more housing availability now than there was in 1999. I do not deny that the trend in population versus housing should have caused home prices to rise somewhat -- but did it justify a doubling of homes prices? No way.

Voice on San Diego