Right or wrong it seems there just are a hell of a lot of people that are not concerned about a systemic meltdown. As has been pointed out many have strong positions to handle the risk. Buyers of cheap condos and beat up stuff can be at parity with rent or better. I think for some of us those factors are as important as when we realized something was weird with housing prices. Also in play, our various historical experiences with our own real estate endeavors and that of our friends and associates and also what risk buying poses for our current interests and for some of us, those of our clients and prospective clients.

Different strokes for different folks. It is a little frustrating to see people categorically align any optimism with “bullishness” or some kind of malevolent prodding. Of course any realtor is also self interested but that in itself doesn’t merit an indictment. Trolling through here selling an overpriced house with bullshit is.

The market and its nuances, including opportunities for gain or just a desired life-style choice with a lot less downside risk are are getting broader everyday. I think for the most part those of us talking about upside are also openly discussing the situation that appear to be more risky. Nobody wants to see someone get hurt. I don’t think we will be the ones that are in denial going forward. Someone who thinks there are ZERO good or reasonable deals in San Diego regardless of the buyers situation is or at least has a good chance of being wrong. Will they be hurt if they wait? No. Nobody here is challenging that.