okay–well anyone familiar with west/north mission hills that feeds grant elementary or pt loma (the part up near catalina that feed silver gate elementary). obviously the lots there are driving prices higher than a lot in another good school area–poway, but i can’t ride to work from poway (well, i could, but it takes too long). I can rent, but would like to buy eventually, i’m just not clear at what price point the “desirablility” location factor is reasonable. back in 1999, you could get a small 1200 sq ft house in the hillcrest/mission hills area for near 300k. now they are 700k. to me that is way too much, but given where i want to live–MH or Pt Loma, the houses will all be older, with similar lots (I’m not talking view lots), so anyone with some experience forecasting what might be a good price point to hold out for buying–$400 sq ft? I’m guessing the 300k house won’t ever go to 300k again, but maybe 480k-550k–would that be reasonable, or do folks think it will go lower?