[quote=Jazzman]You are also guilty (again) of miscategorizing me. I bought a year ago, and invested in RE two years ago, just not in the over-priced markets. I bought well enough that I can now afford a second home. Inventory shortages were low, but nowhere as bad as they are now.[/quote]
I know you did, Jazzman. My understanding was that you didn’t repurchase in CA because you thought the areas you wanted to buy in were “over-priced.” I’m sure you’re aware that they are even pricier now and have even less inventory to choose from.
[quote=Jazzman]Less ability to be picky is just as likely to lead to more pickiness, which is far from being “shut out”. More like walking away, since home ownership is yet again proving to be a perilous and pointless exercise. . .[/quote]
Jazzman, being “shut out” and “walking away” are one and the same. I don’t have to tell you that the outcome of doing either leads to the same result as you know I know you know that.
That result being that the prospective buyer doesn’t yet have a home to live in in coastal CA because, although they have been “shopping” for one for years, they haven’t yet made a purchase :=0
