Pretty interesting.

He is looking at houses that peaked under $600K and are now down 50%, within a 5-minute drive of a Starbucks, with no “free-range” pit bulls.

He may be a little early, but not too much although I wish him luck in finding 1500 houses that meet his criteria in 12 months.

He’d be wise to spread those purchases out over several years to limit exposure to further declines.

This guy definitely won’t have much affect on Carmel Valley but it may affect Chulajuana and Temecula.