Who cares. For some there’s little to low mortgage. And for the others they are locked into a historical 30 year between 3-4%….during that 30 years they have the opportunity of arbitraging their money elsewhere while not worrying significantly about higher living costs especially with inflation..it probably would cost them close to the same monthly to rent, if not more. I don’t envy people trying to find a rental close to Sorrento Valley, especially if some of them now need to return back to work in a hybrid model. There’s close no inventory for purchase or rent. And even rentals are ending up in a bidding war. Too bad I can’t convince myself to be a dick landlord or I’d be jacking up rent every year.[/quote]
Outside of your own selfish/greedy interests, don’t you think society would be better off with more affordable housing, less inflation, more affordable education, less reliance on debt, etc.?
SDR is always whining about the current runaway inflation as if it is a bad thing. Well the solution to inflation is to let the bubble pop and market crash/correct.[/quote]
There is a difference between recognizing market conditions as unfair to many and taking advantage of the opportunity of a lifetime. Its not selfish or greedy its smart to take advantage of fabulous windfall profits. We cant change the market ourselves. Its not our jobs. Enjoy whining away Ive got a tee time to get to
