Also, just want to clarify…I don’t think jp or I are looking for that “special” Del Mar house that everyone else wants to buy.
There is this weird misconception on housing blogs that those of us who complain about the intervention or high prices are simply “whiners” who are looking for million-dollar properties to drop to $200K. That’s not the case with any of the bubble-sitters I’m aware of. We’re looking for very ordinary homes — no McMansions and no granite, please! — and just want prices to go to levels that are aligned with historical norms and price/rent ratios. We want prices to go where they would go without all the unprecedented intervention. That is NOT feeling “entitled” by any stretch of the imagination.
