re: These real estate markets may be on the cusp of a San Francisco-style affordability crisis

quote:

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while the pace of appreciation may lessen, there is no one who thinks housing prices are going down anywhere anytime soon. We simply have no inventory.

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We jumped to a slightly less desirable area. Sold our house we paid 375k for 7 years ago for 1.5. Offered 885k for a house listed for 799k to make sure we got it.

Insane but it allowed us to go debt free with a small financial cushion and in this market I took the money and ran.

I am no OT baller so this was our lotto ticket.