[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]You missed one major reason prices shot up also. After living through COVID a lot of people’s preferences have changed. People got used to spending more time at home and want nicer homes. That’s unlikely to revert[/quote]
Is that really your best counter-argument for why home prices won’t correct post-covid?[/quote]
Nice straw man. Never said anything about them not correcting. It’s one reason they won’t correct as much as you think. There are plenty of others[/quote]
I don’t have any particular prediction other than pre-covid 2020 values is a logical starting point for correction. Beyond that who knows, some markets will correct more/less than others as you always point out. If Fed pivots again and ignores inflation, who knows what will happen. If I’ve learned anything about investing from the last 13 years, it is don’t fight the Fed.[/quote]
What I was talking about last year that you said I was making up. Carlsbad has highest appreciation and even more Meaningful as one of the highest cost markets. Everything was going up everywhere just here faster
