We’ve owned our home (@5000SF/almost an acre with an ocean view/under $300K (edited typo of $400K) in La Jolla for almost twenty years. We bought when we were in our late 20’s, paid cash, no HELOC’s, etc.

We have absolutely loved living here and raising our family in this beautiful place, and understand why anyone would be watching and waiting for prices to fall.

I doubt if we’ll ever sell our home, but we’ve picked up a few rentals over the years, and if things ever “pencil out” again, we’ll be watching and waiting to scoop them up, too. Thanks for posting the info.