Yeah, it’s BRUTAL. We made a few offers on places in Carmel Valley and finally gave up. Lots of cash offers going on there. I’m not going to chase it now.
I’m really curious how much of the buying is institutional. I know the cash % buyers are very high now.
I guess I should have bought another property back in 2011. Better prices and more inventory to pick from.
It will be interesting to see how the next year or two goes but I’m not going to chase it.
