Orange County tops Bay Area in price-rent ratios
charles hugh smith-Weblog and wEssays
# The ratio between rents and prices–what a house rents for compared to what it fetches when sold–is at historically unsustainable levels. This graph says it all: a hockey-stick rise in values which far outstrips the income potential of the property. At these levels, housing makes no sense as an investment; it only makes sense as a speculation if the mania continues.
I think the real problem is that the OC beat the SF!
April 6th, 2006 at 3:11 pm
I think the real problem is that the OC beat the SF!
Anathema!
April 7th, 2006 at 7:08 am
http://www.HomePriceMaps.com/sanfrancisco.htm integrates how much homes SOLD for in San Francisco as well as nationwide using the google mapping technology. If you don’t see data for your area simply email [email protected] with your zipcode and or address and they’ll update the site and email you within a few days.