1. Find an online source to value a house – Trulia is one of them. And find a value for a house you know – your parents, your neighbors, etc.
What is that value? Discuss whether you feel it is accurate or not. Why do you think it is high or low or correctly valued?
What other factors need to be considered in the value of a house?
Write this up in about one page.
2. Do you consider rental prices to be expensive in Santa Barbara right now? What is the relationship between rental prices and housing prices?