zk – owning real estate in San Diego is very risky. Did you read Rich’s June 7 Voice article? Wow, talk about a parabolic price spike in SD housing! What percentage correction do you expect?

Do you think that the 2000-2006 real estate bubble is the only asset bubble in the history of the world which does not correct?

Read about asset bubbles. The same fear and greed permeate them all: fear of missing out, greed to get in. They all pop. Every one.

Perhaps some people cannot afford to rent at current rents, because their income doesn’t allow it. Their mortgage is less than rents. Or their home is paid off. Those people ought to stay in their homes. Everyone else: Sell Now.