There have been numerous posts by people looking to buy and the typical response has been “wait a year or two” Now what data is this being based on? The ever so accurate crystal ball?
Now I don’t own and can’t afford anything in this city anymore. I make a great income which still puts me into a shitty situation with San Diego real estate. I am not going to buy only because I can’t afford it. What I am saying is that there is too much reinforced negativity towards an ultimate crash. The fact is there is a lot of rich people that moved here over the last couple years. I agree with 23109VC that it does suck for those that bought a bare walled home a couple years ago and that today people can get a fully decked out home for the same price. The key is SAME PRICE. I couldn’t afford a $800k bare walled tract home 2 years ago and I can’t afford a $800k filled to the gills tract home today.
This waiting for the right moment is absurd in that the moment may never come.
I am not stupid to realize that if a $800k home all of a sudden went on sale for $400k that there would be a lineup around the block and someone with lots of money would swoop right in and run the bid up to $600k and take it.
The market here sucks and it is not depreciating as fast as other parts of this country.
