There are a lot of homes there. A lot of expensive homes. Who do you think lives in them?
In general they are not the least responsible and least accomplished among us. They are not the “typical” folks in today’s culture you seem to be focused on.
They are the more responsible, the more clever, the harder working, the more charismatic in some cases, the more ambitious, the better savers, the more “greedy” perhaps. They may have had the benefit of educated parents and a good upbringing that set a good example and set them off in a good direction, even though they haven’t inherited yet.
They are people who like nice things and are willing to work hard for them. I am excluding here crooks and inheritance. Some are professionals, some are executives. Some are business owners.
Do you think the supply of folks like that is now somehow depleted? For all time? Baloney.
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Weren’t these same types of people buying/owning in 1998, 1999, 2000? What’s changed between then and now that prices should be 2-3X what they were in 1999?
