We’ve never seen anything like this before:
NSDCC Combined January + February Stats
Year-over-year, we have had a 19% drop in listings, a 13% increase in sales, and the MEDIAN SALES PRICE HAS GONE UP 22%!
Stock Funny Money transitioning into hard assets + low interest rates = house prices going way up in coastal CA
everyone seems convinced that rampant inflation is just around the corner. just gotta’ park that cash somewhere!!
“hurry! while supplies last!!”
Hey Jim, You’ve been calling this one right (again) for I’d say about 15 years now!
The numbers per Rich Toscano don’t make any sense when comparing prices to rents or incomes BUT they do make sense when comparing based on monthly payments thanks to low interest rates.
So, where does that put someone who is trying to buy and using their investor brain rather than the “well, I better just pony up and make the spouse happy!” brain?
There’s no room for people to make an INVESTMENT decision at these price/competition levels is there? You just have to turn off that part of the brain and go along for the ride, right?
How do you compare things at this point in the market/cycle to where you were seeing things 15 years ago? I know they aren’t giving out liar loans and there’s a LOT of money and successful people out there. What does this all look like in 2025?
I have been reading Piggington for as long as I have been here on the bubbleblog.
I turned my brain off in 2013 and it was one of the best decisions I have ever made. Nothing makes sense anymore and you have to live somewhere. So long as you live in something for at least 5+ yrs you will do fine.