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To: Amy J who wrote (171225)9/25/2002 9:44:31 AM
From: GVTucker  Respond to of 186894
 
OT Amy, RE: Housing prices in Silicon Valley and the CPI

Note that the CPI number you're looking at includes a lot more than just Silicon Valley and San Francisco. You've also got to factor in a much lower growth rate in places like Oakland and the rest of Northern California. The number that plugs into the housing growth in this particular instance is still very high, almost 10%. While it may be low, I don't think that it is exceptionally low. The CPI numbers for the San Francisco region are more than double the rest of the country as it stands.