[quote=deadzone][quote=The-Shoveler][quote=Coronita]I take that back about houses being unaffordable and people starting out with lower income can’t afford to stay here.

Our glorious state is going to take care of this very soon, so everyone can buy a house….ha ha

https://www.businessinsider.com/california-dream-for-all-program-senate-democrats-new-home-costs-2021-6
“If you’re a Californian, the state wants to cover almost half the cost of your new home”

Do it!
$1.9 -> 2.5 million in 92130 and $500-600k+ MM 1/1 condos here we come, lol!

Once upon a time our fiat currency wasn’t so fiat. Print Baby, print!!! ha ha

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I was seeing also the fed wanting to offer 25K grants for first time buyers (not passed yet!).
Must be why pension funds are buying up whole housing tracts as well.

Oh Wow, this is going to make 2004-6 peak look small IMO[/quote]

That won’t have much pricing impact at this point, certainly not in CA. It is not first time home buyers that are bidding up this current market. Be realistic 25K would barely put a dent into a CA house at today’s prices.[/quote]

It will never happen to any real degree. It’s recall insurance. Nothing more