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Home › Forums › Housing › San Diego Home Sales about to be revised downward BIGTIME (89% to 6.5% increase in May) › deadzone wrote:What I don’t

July 2, 2009 at 2:34 PM #424221
temeculaguy
Participant

[quote=deadzone]What I don’t understand is if there are so many people with wads of cash and high income, why is the non-conforming market dead?

If you got cash, why settle for some POS? Let’s face it, any detached house in a good neighborhood for under 500K is still a POS. [/quote]

Three reasons:

1. Buying something that is less than you can afford is hip these days.

2. Underleveraging leads to better sleep in uncertain times.

3. Chicks dig it. Fiscal prowess has never been more attractive than it is today.

sdr is a good dude, the market may frustrate people but without certain insider’s input we would venture too far from reality. The reason some of us have too much time on our hands these days is that we are in the sports doldrums, basketball and hockey are over, football is too far away and baseball isn’t into the the good part of the season yet.