[quote=bearishgurl]craptcha, if you’re a prospective buyer in 92127/92128, may I ask what’s wrong with the 21 listings that you presumably CAN make an offer on?[/quote]

The fact that there are probably 1000 buyers looking.

This isn’t a market that is in balance. This is a market that is horribly constrained.

That constraint, raises prices, pushes people out of the market and causes people to hold their properties thus decreasing turnover because they can’t replace their property.

That low turnover, and low availability of housing units INCREASES demand for NEW HOUSING buildout. It is what drives demand for those CFDs.

I could care less if they build new units as downtown condos, increase denseness in existing housing tracts, but SD has an inadequate supply or both rentals and owner occupied housing. More importantly, the housing mix have is actually quite poor in quality and location. We need more housing close to the job centers and that housing needs appropriate social infrastructure.

Your argument is akin to Soviet Era grocery shopping behind the iron curtain. There’s three steaks in the counter and 100 people in the line. So you better be happy getting a turnip.