[quote=bearishgurl]
AN, my point is, because 91910 doesn’t “churn” the way PQ does, it doesn’t have the sold comps to support higher prices right now. Only the distressed, low-end or unprofitable rentals are being marketed. [/quote]
But didn’t you just show 91910 sold more than 92129 in the last 2 months or so?
[quote=bearishgurl]Let me ask you, if you pd. cash for a property and owned it free and clear, and you did not need this money today to live on, would you put it on the market right now??[/quote]
No I would not.
[quote=bearishgurl]91910 (west) population consists of mainly the “haves” and the “have-nots.” There is not too many “in-between” MC or Upper MC working families. Most people around here DON’T WORK anymore, no matter WHAT they live in.[/quote]
But the housing stocks shows there are houses from $200k-$4M. There must be MC/upper MC buying those $500k-$1M houses.
