Mea Culpa ZK, it was not my best work. I was frustrated. I haven’t needed any insight into real estate for quite some time and now that I do have a need for some info I was frustrated that I couldn’t find much.
I did find what was once on the cutting edge of economics had become a much different place. Your analysis of my diatribe was once reserved for statements put out by CEO’s of mortgage companies and trade organizations. Nice to see the skills are still sharp if there was a conspiracy afoot. Perhaps there is no more boogeyman we can unite against.
It is possible that real estate is accurately priced, there is no large scale conspiracy like there was in 06, hence the lack of analysis. However looking at the rent to purchase ratio, it still seems off to me in some places and renting looks better especially for young couples in the twenties whose careers have just begun and may take some twists, turns and location changes in the next few years.
But I’ll keep researching over the next year and I’ll make it a point not to be a little more civil. However that was not an idiotic quote.
