This from manna from heaven at robchipman.net 29 Jan 2010 1:42 pm -
“I still haven’t bought a place. However, I’m still making money and now have approximately $750k in liquid assets. It’s a really sad state of affairs that with that amount of cash/securities and making more than 100k a year, buying a Westside home, responsibly, is still far out of reach. I’ve waited this long, so I guess I’ll just keep waiting. It has got to make sense some day.”
































Be patient. When the Feds can no longer pump cash into housing, there will be a long drawn out decline that will eventually bring prices in line with rents.