CAR I usually agree with you on most points but cannot agree with you on the real estate aspect.
I do not believe real estate is a precious finite resource. It is affordable in pretty much every part of the country with a few exceptions. We choose to live in this vastly overpriced market by free choice. However that is our own choice right?
Similarly there are even affordable homes here in San Diego, just in neighborhoods that you or I do not want to live in.
If I go to the trustee sale to buy a home for cash and then resell it I am a flipper right? However does that make me some criminal? What have I done wrong?
If I am sick of getting 2% in a CD on my cash and I can buy a home at trustee sale and make 20% on it, shouldn’t it be a no brainer to do the latter? Shouldn’t I have the freedom of choice to do that?
I think that nobody is forcing anyone at gunpoint to live in San Diego and tolerate these crazy home prices. I don’t like them and have been priced out of the neighborhoods I want to live in but I would much rather have a free market rather then having the government control/own housing.
Lest we forget it is the government that wants to reinflate the market.
