“There will be plenty more like this.. There is currently a 2900 sq ft home in Menifee for $310K built in 2005
Lender foreclosed at $465K…”

this is what i was referring to… auction or not, that’s gotta be indicative of where things are heading, particularly in light of how far along this ride we’ve gone…

while peak prices may have been in 05, 04-06 has been relatively flat while the majority of drops have occured this year… that home price roller coaster vid comes to mind where we’re on the steepest part of the descent…