I wish you had made that post to begin with, it lends to a much better discussion.
I agree.
As I originally stated, I think that Lucera unit is going to fall further. Breaking the $200k price point is big – there is disagreement as to how much further they could fall. I believe only another 10-20% (putting them in the 50-60% off since the top) range.
After that point, the #s start penciling out IMHO where it does start to get attractive.
This area has a lot of job density; so long as that remains I believe rents here will stay strong. Especially as gas goes to $4-5/gal.
(People who commute from Murrieta, etc…. feeling for them)
