CAR
As always I agree with most of what you say I just see things play out differently. Your statement that iti is the aggreagte that matters most is true when talking about the aggregate but you dont buy the aggregate you buy a single house. Finding a good one in place like this is harder than most places. RE is a sport around here for most people. Where I came from people buy a house and stay for ever in their neighborhood. If they need more space they add on because there arent huge differences in locations. Its basically flat and no one has an ocean view while most have a more than ample yard. Around here people who make or get more money often seize the opportunity to pick up and move around the corner for bigger yard, a newer house and/or a view.
I know you watch the market as close as you can and I know you are VERY well informed about all things RE. You just dont have access to the MLS which is a major advantage that allows me to watch and research things in ways you cant. If you did, I have no doubt that you would be able to see the things I do.
By the way, your welcome. I teed up that “be a part of it or be left behind” hoping someone would seize the “buy now or be priced out” analogy. Just me havin’ fun.