Another thing to consider is that the higher end never had that 100-200% increase like the south and east county areas. That said, it shouldn’t drop down as much since it never went up as much percentage wise. Look at Texas, it never boomed so there is nothing to fall down from.
In the end, we’ll just see what happens in 2-3 years, but it just sounds like to me a renter being upset that he can’t find a home they can afford or is willing to pay for and is praying for it to come down a ton (which may or may not happen).
DZ, are you married or do you have kids? I think for a lot of single folks, they can put up with renting for a LONG LONG time. Once you have kids, wife, there seems to be bigger pressure to buy so maybe you can afford to wait while some folks simply don’t want to.
