“Therefore, if I can get 1996 prices for a home here along with low rates, then that is the ideal situation-as it would be for anyone.”

The implications are that the prices are going to go even lower than they currently are. I know, it’s even hard for me to believe that, but looking at the big picture, it is looking more likely than not.

Marion, I understand what you are saying and having seen what is happeing in Temecula / Murrieta upclose and personal a couple of weeks ago (saw some very nice properties for sale with the nicest one with a huge foreclosure auction sign in the window…corner lot too), I can understand how tempting it is. It is the one area that if you have a steady job with enough income to support it and don’t really plan on moving anywhere for a long time, you could justify the purchase. The key is having a stable income in that area and that is going to be bigger assumption than most think it is in the coming years.