Jpinpb and I have every reason to be upset about it because **we are buyers,** not realtors. WE are the ones who will lose when prices finally (if ever?) get back to normal. If we’re putting down a large down payment, we take the first loss, and that could easily be 100% of a 20% down payment. Easy for you to call us crazy — it’s not your money on the line.
BTW, just because you and SDR are realtors and jpinpb and I are not does not mean that we are not savvy about this market. We’ve been watching things very closely for years; and yes, we are “out on the streets” looking at properties and seeing who/what our competition is. I’ve been watching the RE market in Southern California long before you even moved here. No offense, but your assertion that we are somehow clueless about the market simply because we are not realtors doesn’t fly.
