SDR knows what he is talking about. Lots more people are buying then you think. The place next door to me in Carlsbad just put up the sold sign today. All I know is that a lot of places in Carlsbad are selling from what I can see with the naked eye.
I talked to a very solid guy today who sells in south San Diego. He is selling new properties in the $250 range and says that he can’t keep inventory. He told me when one comes up he is getting 20 plus offers. He had no reason to lie to me. I don’t sell homes, but I am interested to see what will happen. I don’t think 7 years of house lust is going to go away. Everyone still wants a house and many are tired of waiting. If you don’t think we could have another huge run up with no principals to match it, then you are high. We thought we were done with genocide after WWII, but that has not stopped either.
