|
I agree. I'm totally mystified. In the eastern part of the San Diego South Bay area (one of the fastest growing places in the state), new houses are popping up like weeds. 3K to 5Ksquare feet in the $800K+ range, and they are selling like hotcakes. Less than 10% in the S.D. area can afford the median priced home of around $550K. The financing and leverage is like a house of cards waiting to fall, in my opinion.
__________________
Marv Evans
'69 911E
|