@kimmaicutler historically low mortgage rates are part of the reason, rates half what they were in the '70s. http://www.freddiemac.com/pmms/pmms30.htm
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@laurencerowe sure. But once you factor that, then what? Do you still think it's even with affordability 40 years ago? - 2 more replies
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@kimmaicutler what home is it possible to buy for 140K today? seems off by a factor of 5x -
@mikequity across the entire United States. - 3 more replies
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@MattRosoff OK, San Jose was 3.7 in 1979, now 9.2.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@MattRosoff of course. But the region's urban form, policies did *not* change. In fact, they became tighter and more political unpredictableThanks. Twitter will use this to make your timeline better. UndoUndo
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@MattRosoff You cannot go from a sleepy suburb incorporated in 1955 to housing the world's most valuable corporation whileThanks. Twitter will use this to make your timeline better. UndoUndo
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@kimmaicutler what were interest rates in 1979? - End of conversation
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@MattRosoff Cupertino is still mostly single-family home stock. -
@kimmaicutler@MattRosoff true statement. My family moved there in 82. Housing definitely increased but not much in higher density forms.
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