Wednesday, July 08, 2015
Read Steve Lopez in today's L.A. Times, then read my not-really-contrarian blog piece.
Here is the Steve Lopez link and here's the link for my last post. Steve bemoans the current real estate market, with its high prices and cash buyers. He isn't wrong, and yes, the middle class is being priced out of most of the local r.e. market. And yes, buyers who need a mortgage loan are often being beaten out by cash buyers. However, his example was South Pasadena. Home prices have always been crazy there, because the public schools are so. damn. good.