[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]

If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.

One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.