BG, a post I actually don’t disagree with. Anyhow, I think a lot of my point is that we are a product of our environment and what we experienced ourselves. I also feel the real estate market now is very different from 20-30 years ago. I do have family and friends in the coastal areas both here, LA and in the bay area and they bought a long time ago paying a handsome sum even back then, but you talk to a lot of these people now and most would say they wouldn’t be able to afford buying anything here “now” based on their pay/job, etc. I don’t think the situation on the coast in terms of pricing, fixers is what it is now with the amount of buyers shopping in those areas and the amount of money and ease of financing compared to 30 years ago. Also, a lot of these folks back then had regular jobs being able to buy these properties, most now are probably move up buyers or higher paying professionals.
