[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]
Smart and hard working is all relative.
Actually, I do think that people deserve some things.
But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]
Unfortunately, what Brian states here is true, IMO, and completely supports my “Darwinian method” view of the CA coastal RE market. To a seller of a desirable property in coastal CA, an offer of all foreign currency (converted to U.S. dollars, of course) looks to be a whole lot more certain, faster and simpler then selling to a “deserving” buyer with financing and other contingencies who has a “graduate degree” and “put in 10-15 years of hard work.”
Many of the current owners of these desirable properties don’t have any degrees at all. Are they no less “deserving?”
