There is hope for potential homeowners

May 29, 2018
May 29, 2018 Updated Apr 13, 2025
3

Editor,

In response to the to May 21 Daily Journal story “It’s really hard to buy here,” I am a Peninsula Realtor and see this market in a very different way.

(3) comments

Eaadams Jun 10, 2018 10:50am

This is absurd. It isn't a matter of finding a realtor. Plenty of those. The issue is the COST of housing. The current generation in the market to buy a home is the generation that saw their parents lose their homes in the last depression to do unscrupulous lenders and Realtors colluding to put people in horrible contracts. The issue now is raw inflation. There isn't enough inventory coming online to put any sort of brake on home costs going stratospheric. There isn't a market for those people that need to get into the market for their first home. Unless you have family money or.com money or independently wealthy you aren't getting into a home on a basic government salary. NIMBY'ism has decided that it is better to take the existing inventory and let it rise in cost than to create new inventory to create a larger pie where everyone gets to benefit. It isn't about hiring a realtor or knowledge of the market.

Ray Jun 10, 2018 5:06pm

Cities are adding thousands of housing units, but this is further overburdening the already crowded schools, inadequate police and fire, and already clogged local roads.

Eaadams Jun 10, 2018 9:46pm

Mmmmm that logic doesn't work. There are plenty of more dense metros around the world with schools and lower crime. We need to build better denser schools, police departments and fire districts are already engaging into multi municipal cooperation agreements, and people living closer to work decreases traffic. The real issue is office production without appropriate housing. Cities must use some sort of Leverage to stop other cities from over producing offices. Tens of thousands of offices in Cupertino yet no housing. Tens of thousands of offices in South San Francisco yet no housing. 10000 offices in Foster City yet no housing. Tens of thousands of offices in Redwood City some housing.

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