Not sure if i belief in being priced out forever, but I certainly wouldnt want to be a first time home buyer right now here, unless i was one of those Bay Area tech workers paid Bay Area comp packages with the option to work remotely from san diego. I guess some of them figured out spending $1.5+million here is still a better deal than spending $1.5million in a hole-in-the-wall place in Santa Clara. that or maybe banks relaxed lending standards and its easy to get stated alt-a loans again?
