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9 years ago

Rich (or others),
Can you

Rich (or others),

Can you comment on your last line, “upward pressure on prices immediately ahead”. Specifically, what time frame did you have in mind for “immediately ahead”? 1 month, 1 year, 10 years? Or, in case you are tempted to write back, “What am I a fortune teller? How the heck would I know.”, let me answer the question in as slightly different way that might illicit a response:

Given the low inventory, how long might it take to get back to normal inventories? Is their historical precedents to look at? Or evidence of massive home construction programs that will provide relief? Why is the inventory low to begin with? As far as I know, the population of San Diego has not noticeably increased in the last 10 years.

This is not just of academic interest to me. I have a house to sell or rent out and am staying up nights trying to figure out what to do. Clearly, a nice problem to have, but a problem nonetheless (see my post on the subject if you are interested).

Thanks and keep up the analysis! It’s appreciated.