so bearishgurl, what makes you think that inventory is going to stay low forever? What makes you think that historical affordability is not going to return? Why do you think that if one does not buy now they will never ever have another opportunity?
Personally I think the whole market is severely overpriced, I’m talking about LA/OC here. When sub-par neighborhoods in Orange County comprised largely of blue collar workers are listing 1500sqft homes for half a million dollars it does not take a rocket scientist to realize that this is a bubble.
And why shouldn’t people be picky? Being picky is the right thing to do when you are making a 30 year commitment and the biggest financial purchase of your life.
Being “less picky” and “lowering standards” is the same exact thing btw.
So, in your last paragraph you reveal the source of the bias in your response. You are a seller and/or a future landlord. I wouldn’t be so sure of rental potential or even sales potential if I were you. These things are cyclical and just because it’s a sellers market today does not mean that next year it would be the same as history has taught us time and time again!!
