Awesome thread. I share the frustration. A year ago was a MUCH better time to be shopping on the low end. If prices don’t get back where they were I will not ever be buying in San Diego. Part of me thinks there is no way to put off the fundamentals forever but part of me has given up on reality ever asserting itself. I’m tempted to move to Florida and pay cash at 1/3 the price.

I blame the flippers for the lack of reasonably priced inventory, but more the FHA for spiking the demand at the the low end. Until big gov stepped up to fill the lending void deals were close to getting reasonable. Perhaps they are gone. I don’t know. I do know I intend to sign a 1 yr lease soon. I don’t intend to compete against the no/low money down crowd.