The ultimate argument here is the current rates are still not high... comparing to historical trends in the past.  

>I was referring to down by the ocean vs say, Anaheim or Fullerton which might skew the numbers down.I do not know Orange County RE like I know San Diego RE (I used county wide public numbers in my OC historic values), but I question if the properties down by the ocean can be purchased today for $1M. 

If 5-6% is the historic high on HELOC, I'd also be okay with paying that long term and getting the ROI with 401K.

Despite what @Greg R. said interest rates are still good and below historical norms.

I really love the area, the house is pretty old 1925 and in a historic area.... are your shoulders tensing up yet?  

Also historically they depreciate, but the land under them appreciates.

How does having a historical designation affect property values?

Contact the utility provider and get an historical average based on the last year of use.

Here are the top 15 cities where home price appreciation has outpaced wages: 'When there's then a deviation in home prices above inflation and wages, that's historically the sign of a bubble.'

Rents historically do not increase at the same rate as your home.