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Normal ? see 1991 to 1997 (or mid 98) regarding "normal" RE prices... and that was
under far better economic reasons. DQ has provided some great data over the years
but I fail to see they ignore past history so easy.
Frankly all we have in the SFBA is HYPE from one end to the other.
http://www.sfgate.com/business/article/Bay-Area-median-home-price-hits-510-000-4520145.php