HLS I agree with you 100%. When I see people here state they will buy when the cost to rent is the same as the cost to buy I just chuckle under my breath knowing that will never happen. However, and it’s a big however, the gap is so bad in places like San Diego. You have what 5% affordability today? I think a more acceptable number is 30-40% percent… I wish there was less discussion on where prices are and have been and more on the underlying fundamental economics. Aka houses cost this much, assuming a 10% down payment would have a mortgage payment of this much, the average household makes this much per month. No one has explained to me why that isn’t the underlying force behind falling prices.
