[quote=DWCAP][quote=sdrealtor]Things are as bad as we are being led to beleive however many of us extrapolate things beyond the reality. If unemployment is 10% that means employment is 90%. Sales can be down but for the guy still making the few sales that are out there they are up.

A balanced view of reality is the key.[/quote]

If a balanced view of reality is key, then we need to admit that a lot of southern Ca is a 2 income household area. It is true 90% are still employeed, but it is also true that a far larger number than 90% will be effected. How many of you could maintain your standard of living without your spouses income?
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I’m single, still able to buy at 3x income out here. The plan is to pay down this place aggressively and then pick up a small condo near the coast (OC or SD) with the now girlfriend, soon wife’s income. 4-5 years when the coast bottoms, good deals to be had there I believe.