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> Huh ? Yes, check the dismal scientist site, prices did rise over 15% in
> California last year. Over 40% in the San Jose area.
> If that aint RAMPANT asset price inflation, I sure don't know what is.
> Turn on CNBC and go back to sleep.
Yes they did. And those numbers are offset by much lower increases, or
even decreases in other areas. So the net for the whole country last
year was 3.3%. Should national policy be based on the circumstances of a
small minority of the population? Try telling somebody in Minnesota he's
living in an asset bubble. He'll probably send the governor over to
thump some sense upside your head. :-)
00Q2 Rankings by Median Existing Home Price
State % Chg Yr Ago
1. California 16.6
2. New Hampshire 11.4
3. Massachusetts 11.3
4. Vermont 10.9
5. Colorado 10.6
6. Maine 10.4
7. New Jersey 10.0
8. Alaska 8.6
9. Connecticut 8.3
10. Florida 8.0
11. New York 7.9
12. Rhode Island 7.6
13. Washington 7.3
14. Kentucky 7.3
15. Wyoming 7.1
16. Oregon 6.8
17. Hawaii 6.8
18. Maryland 6.1
19. Missouri 6.0
20. Tennessee 5.9
21. Arizona 5.4
22. Montana 5.4
23. Wisconsin 4.7
24. Georgia 4.5
25. Utah 4.2
26. Texas 4.1
27. Pennsylvania 4.1
28. Illinois 3.7
29. Nevada 3.6
30. Idaho 3.3
31. South Carolina 3.2
32. South Dakota 2.9
33. Oklahoma 2.7
34. Nebraska 2.7
35. Alabama 2.4
36. Indiana 2.4
37. Iowa 2.3
38. Louisiana 2.3
39. West Virginia 2.2
40. Ohio 2.0
41. Delaware 2.0
42. North Carolina 1.4
43. Arkansas 1.2
44. New Mexico 1.0
45. Michigan 0.8
46. North Dakota 0.5
47. Kansas 0.5
48. Minnesota -0.2
49. Mississippi -0.3
50. Virginia -0.3
51. District Of Columbia -1.3
--
Dennis
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