I dont think the problem is necessarily the overpriced listings because even if they were priced lower, I dont see much on the market that CAR would even be interested in. The problem is she wants something that is in short supply now and generally is always in short supply. So if you want one of them, you end up paying a premium in the current market, whatever that is.
A major problem with that is that the incomes and desireability of this area have been permenantly altered IMO. I know lots of old timers around here and Encinitas/South Carlsbad was looked at as the boonies 20 years ago with not much going on. When I moved to Encinitas in 1997, it was nearly impossible to find a place that served dinner after 9PM. It is now a pretty upscale area (and I’m not just referring to home prices) but it wasnt always. More and more, you gotta be a Big Dog to get a prime property around.
