It rehashes many of the s. california problems I see. I think at the end of the day if you are not willing to play the game that your fellow s. californians are playing you are SOL. It is a values problem, and those corrupt values have not changed. Your neighbors appetites simply do not have the same access to capital they once had. But mortgage they will, live month to month on a shoe string they will. You have to be willing to live as close to the edge as your peers are, otherwise you will be relegated to BG’s neighborhoods…
I am not willing to play, and that is a big part of why I moved (fled). Now as many of you know, I may get dragged back by family ties. But when/if I do, real estate will certainly be the biggest bain of my existence.
If you can’t happily join em, all your logic about value will amount to a hill of beans.
It really is that stupid and simple. So move away, rent with a contrived smile, or mortgage your future. Not everything in life has a clear and optimal best path forward, unless you move to MN that is 🙂
