[quote=Bob]
On a side note, the current market – not only in Temecula, but all across So California and Las Vegas – is starting to look like a closeout sale at a department store. [/quote]
Not if you read the LA Times. They just had a big spread last weekend on how people are turning out in droves to find a house in a nice neighborhood, then bid it up well over listing. Their real estate section also features homes like one in San Marino (a two bedroom, sub 2000 sq ft., for 1.2 million dollars). Doesn’t look like bargain prices to me. Or anywhere in the LA suburbs.

Course, most the articles I read in the times about real estate seem to be a day late and a dollar short. Maybe the dam will break and foreclosures will come flooding the market.