I was in a real estate office yesterday. My realtor shares my view of the market but sits in an office with another realtor who doesn’t.
I was talking with the other realtor about several of the factors that hippmat and powayseller mention above.
Here’s a quote from her: “If people would stop reading that kind of stuff and talking about it, everything would be fine.”
OK! I couldn’t have stated the “got my head in the sand and everything’s fine” way of life any better than she did.
Then, I was in the break room reading the bulletin board (good way to get a feel for an office setting). Prominently displayed is a letter from the county tax assessor. Here are some quotes: “This isn’t Buffalo, it’s San Diego. First-time home buyers, move-up buyers, out-of-town buyers, everyone wants to live in San Diego.” He continues espousing the reasons why now is the time to buy a house and then finishes with: “… the best investment you can make.”
The “everyone wants to live in San Diego” line particularly amused me because I had just read about a high-rise condo buyer in Austin, Texas who stated that “everyone wants to live in Austin.”
So, all of us who have less-than-positive views of the San Diego real estate market need to do two things:
1. stop reading and talking about all the fundamental reasons why the market is headed down (in a big way)
2. adopt “Everyone wants to live in San Diego” as our mantra
