450k seems a bit high. I see McMansions all day long in Murrieat for 350k…
I was also wondering what you are putting down, and your professions as well if you don’t mind sharing?
People can say this and that about predicting where home prices are going and when they are bottoming, and some of it is true.
But if you take a look at the UBER inventory levels of the IE, the fact that many in this are had RE related jobs and are now hurting, high gas prices affecting the few who do make big $$(commuting to SD/LA, etc, and that credit markets are tight and most likely will be for a while. Things don’t look too rosy for the IE at all. I will boldly go on record (as unpopular as it has become here at piggington)to say that prices there are going much lower.
You can keep renting and buy some local muni bonds that pay a tax free over 5%.
