Then: (67) Bubble trouble
Can't keep up with the Joneses? Heck, it's bad enough just trying to keep up with the appreciation on their dilapidated Victorians. In March the median price of a single-family detached home in the San Francisco Bay Area rises more than $1,000 per day. By month's end, it swells to $106,000 above the previous year's median - 43 percent more than the area's estimated average household income of about $74,000.
Now: Shhh...hear that? It's the sound of hot air seeping out of the bubble
Though plenty of people are still eager to buy homes in the City by the Bay, where the median home price is a resounding $796,180, home prices fell slightly in 2006 and are expected to drop .2 percent in 2007.