I dont understand how expecting a flat to slightly decreasing market for the next 5 years could be considered optimistic. I am as pragmatic a person I know.
Markets are behaving differently everywhere. The high end has been high harder other places than our market has. How can you beleive federal gov’t policies are holding our prices up while allowing them to collpase in LV, PHX, FLA or East County. One of my neighbors moved to LV. I begged them not to sell, to rent out their house so they could come back in several year and rent a palace in LV. If they had that house would be down 10% from where they sold it. Instead they took that same money to LV and wha tthey bought is down over 50%, Does the govt love NCC anymore??? I dont think so. How can it be so hard to beleive there could be some fundamental strengths in our market that are keeping prices more stable here than other markets.
AN brough stats showing dramatic changes in teh incomes yet you deny anything fundamentally has changed. You can talk all the experience in SoCal you want. I grew up somewhere that I watched change the same way through multiple RE cycles. Its a very different place than it was in the 60″s and 70’s just like So Cal is. You refuse to believe are3as can change because that runs counter to your best interests. I have no best interests that concern me other than having fun every day wtih my children. Nothing else comes close to mattering to me. Pull out all the straw man arguments you want about bullet proof areas which I have never supported or said. Its all about attitude. You can chose to be positive and look for way to grow or you can stew. i choose the former.
