[quote=SD Realtor]
These bailouts are going to keep happening and IMO will not do anything to cure the problem, yet they may indeed simply lengthen the decline and decrease the slope of the decline. Furthermore I am getting more and more convinced that we aint seen nothing yet with respect to the feds keeping the financing spigot open for homebuyers. [/quote]

What more can the gubmint do? They’ve already nationalized Fannie and Freddie. That’s pretty huge.

I agree thought that the bottom keeps getting pushed out with all this taxpayer money flying around. However, if we start to see job losses among the relatively high earners, then Uncle Sam won’t be able to prop up prices any longer. If San Diego can somehow avoid a recession, then the worst of the declines may indeed be over.