Precisely OCRenter….If the liquidity in the markets is drying up by either of 2 methods, increased interest rates or by, raising the bar for borrowers requirements, IE: larger down payments, higher credit scores etc, the market will soon be saturated at its current prices. Pirces must come down to offset these fundamental changes. Its an economic law.
SANDAG will NOT tell the truth anymore than a politician will vote himself a paycut. There is no money in telling the people that, so its avoided, spun and even lied about.
Either way, the market will always eventually balance itself out. Kind of like the “SoCalled Labor Shortage” we keep hearing about by the politicians who are all for allowing illegal immigration, Yeah Sure, there IS a labor shortage for jobs that pay 4 bucks per hour with no benefits…but take that same job and pay the worker a higher, more decent wage, and watch and see how fast those teenagers and others will push those lawnmowers and run those weed eaters !!
Its coming….Sony with their video games must be worried about future sales. Hahaaaa !
