While felix’s point is full of holes there is some truth in it. Finding the house you want is NOT easy. I have 2 clients right now that are big time bear/bubble sitters sitting on wads of cash. They are both expect to spend between $1M to 1.5M.

We have been looking at homes up to about $2.25M. We have been looking at homes for over a year (each has seen over 100 homes), not to buy one but to educate them as to what they want when they are ready to go. Neither has seen a home yet where they’ve come clost to saying, if this home was $X I would buy it today.