[quote=flu] . . . If you think it’s an opportunity to buy, pull the trigger and buy..If you don’t than don’t bother looking… I don’t get this, yes I think the opportunity is there to buy, but no I’m going to sit on my ass and not do anything. Or I don’t think it’s a good idea to do X, but gee people who do X are really dumb for doing X (despite it working out for X)…
Some people will always miss the boat through there own inaction.[/quote]
Agreed, flu. However, a buyer looking for a home for themselves and possibly their family members also (ESP FTB’s) need to be realistic or they will end up with ZERO.
With the mortgage qualification stds in place today (unlike the days of free-flowing “funny money”), these buyers are NOT going to get the “move-up” or “luxury” home that FTB’s “bought” (lol) in that “era.”
I think FTB’s and STB’s of today got used to seeing their peers live in areas that were never meant for FTB “consumption.”
Even after witnessing some of these people crash and burn over their RE “investments” (lol) gone horribly wrong, a lot of today’s buyers just don’t seem to understand that what they actually qualify to buy is in a “FTB area.”
That’s the way it was before the era of “easy-qual” purchase money and that’s the way it is now.
As I have posted here several times, SD County residential RE is arranged in a “caste system.” This will never change.
