Yes, I agree. As someone who has wanted this insanity to stop years ago (have wanted to stop renting and buy starting in 2003) it’s very frustrating. Now that prices were allowed to reach these levels due to complete abandonment of regulation of the lending industry, there is now no good outcome. Even when (not if) prices reach normal levels here in San Diego, I’m afraid the job situation could be very ugly. What can you do….
