[quote=sdrealtor]Agree and this is what I’ve been reporting along the NCC. I’ve never seen hi end hotter. It seems as though folks with lots of money be it earned, inherited or gain in stocks/investments/crypto or whatever have decided to put some of that wealth into a nicer home to enjoy everyday. There could be other factors too but this is not purely driven by rates or inflation. Something is going on out there that we have not seen before[/quote]
sdrealtor, take a breath. I’m not trying to say that the recent surge is caused by inflation or interest rates. I’ve only argued that over the long term (30 years or more) you can justify pretty much all the increase in prices by inflation and interest rates. And, I’ve repeatedly acknowledged that in the short term this isn’t the case. Take a breath, I’ve never tried to disparage your claims about what is going on in NCC, so don’t act so defensive.
