1981:
> A word to the wise: The great Los Angeles housing boom is over. The real estate price explosion in southern California, which sparked a national boom still continuing elsewhere, has stopped. The bubble that everyone said could never burst has burst. All over Los Angeles and Orange County, home buyers can buy a property for less than it would have cost a year ago
Of course, prices recovered. Just in time for the 1990s!
How old are you?
https://www.nytimes.com/1981/08/17/opinion/housing-boom-goes...
1981: > A word to the wise: The great Los Angeles housing boom is over. The real estate price explosion in southern California, which sparked a national boom still continuing elsewhere, has stopped. The bubble that everyone said could never burst has burst. All over Los Angeles and Orange County, home buyers can buy a property for less than it would have cost a year ago
Of course, prices recovered. Just in time for the 1990s!
https://www.forbes.com/sites/johnwake/2018/11/02/the-next-ho...
> In real prices;
Boston didn’t get back to its 1987 peak until 2000 (13 years);
New York didn’t get back to its 1987 peak until 2002 (15 years);
Los Angeles didn’t get back to its 1989 peak until 2002 (13 years);
San Diego didn’t get back to its 1990 peak until 2000 (10 years); and
San Francisco didn’t get back to its 1990 peak until 1999 (9 years).