As the data we're supplying today will clearly show, this anti-Measure V argument turned out to be pernicious nonsense. What follows is a graph of the average market values from 2006 to 2015. The last peak in that market was 2006-2007. The nationwide market crash happened after that, driving down all real estate in the United States beginning in 2008 and lasting through 2012.
Somewhere around the middle of 2013 Sierra Madre recovered to its market value peak of 2006 & 2007. Since 2013 Sierra Madre has skyrocketed up to an average home sale price of $885,000 today. In the last 5 months Sierra Madre has been incredibly hot while Arcadia, dependent as it is on a constant supply of funny money being pumped into that market from a now economically unstable Peoples Republic of China, is actually tanking with all but the most elite housing demographics losing value.
Since the Sierra Madre City Council passed all of its new building regulations over the past year we have seen an incredible increase in the desire for Sierra Madre homes by buyers, driving up real estate prices here. Clearly showing that Preservation is far more attractive to home purchasers than Mansionization. This is taken from Zillow and includes condos and townhomes.
To break this down for you a little bit further, here is some more data disproving the anti-Measure V arguments from back in the day. The average 2007 SFR home sale price was $941,527. Today in 2015 the average SFR home sale price is $1,019,959.
Please note that what follows are single family homes, and does not include condos or townhouses.
First here is 2007.
So if you were a homeowner concerned about the value of your home, based on what you see here which would you want to choose? Preservation or Mansionization?
Despite what you are hearing from certain parities in Arcadia these days, McMansion development does nothing for actual homeowners. It is only of value to certain individual fat cat developers, many of whom are actively opposed to any voter initiative that would curb their vast monuments to doofus gaucherie.
Remember, behind all the smoke, mirrors and dishonest accusations in Arcadia, the real issue is money. Just not your money.