I don’t know about you, but my mentality has never gotten close to “time to buy”. I don’t know many that have that. If anything, they are a little bummed because the value of living closer to the coast has went up again for other reasons than waves and beaches, your chances for fire loss are less.
I wonder if insurance rates are going to go up, it seems like housing costs keep going up.
While some people can buy and be happy with their decisions. What about the people that don’t have 100k in their bank account to hopefully get a house? The percentage of people that cannot buy are still too large for prices to not decline.
If anything, it’s kind of like the nail in the coffin. I probably will only be able to afford in a fire prone area, and I don’t want to live there. Time to pack up and leave.
