I’m curious why I’m not reading anything about all the whacky loans that people have needed to afford these houses. Do you know whether that was brought up at all? Because I don’t think any discussion of the SD RE market is even relevant, let alone complete, unless it includes an in-depth look at the lending situation.
Also, Alan Gin has always struck me as a permabull. He’s usually called “USD professor,” but he teaches at the real estate institute there, and I’m suspicious of his motivation. I could be totally wrong about that, but he does always seem to focus on the positive aspects of the market and leave out the negative.
