One day things will just be “normal” again, probably long after many have stopped paying attention.
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The operative words here are “one day” because that’s exactly how long it will last. If you look at CA real estate cycles, we tend to spend more time in the extremes than around the averages or normal values for any of the metrics.
So, most likely we will cross through normal one day on our way back up to an overheated market.
