It must all be a vast right wing conspiracy…this guy is ridiculous…As long as housing in CA is desirable, there will be a shortage…what makes the current market amazing is that prices have gone beyond what is necessary to balance supply and demand even in an environment of scarcity.
The only conclusion you can draw from his nonsense is that we should all wish for prices to remain sky high so that builders will build more so that more people can continue to consume their future financial security now in order to afford a 3BR 500K bungalow in Bonsall.