profhoff, are you looking to purchase or do you own a place now or multiple places already?
What I’ve noticed the problem is for people shopping for a place renting, even though prices are elevated, compared to rents, a lot of places aren’t in crazy bubble territory according to Rich and some of his posts and analysis.
The problem is rents are insanely high.
Also, all these renters complain that everything is a bubble, but a lot of it is just wishful thinking I think.
Prices are insanely high, but many areas in SD have 1 month supply and there simply is NO building at the < 500k levels so with construction at historical low levels, rents being high, 30 days on market vs. a normal 6 months, a lot has to change before housing collapses IMO.
