[quote=carlsbadworker]Forgive me to say this, but this isn’t the best place to ask this kind of question. Piggington is known for its analytical and data mining skills, it has no skills in sorcery and witchcraft that can be applied to perfect market timing. By asking this kind of question, you are feeding the delusional ego of some posters here who think they can perfectly time the market.
Although James Surowiecki did show that there is a thing called the wisdom of the crowd, but this community is constantly exposed to the same set of the data that it is undoubtably biased because of such kind of exposure.
I myself am biased on the upside because I don’t have many friends that got laid off and my salary is 80% higher than it was in 2001 so I will certainly consider Temecula’s 2001 price a steal, but that is not necessarily true for others. Some pessimists maybe are waiting for price in the 80s. In an independent crowd, you can even out such bias impacts and get a better estimate. But I just don’t think piggington is the place, although it is very knowledgable about real estate.[/quote]
I am only making maybe 20% more than 2001, but I too consider Temecula’s 2001 price a steal.
Better yet for some of the older smaller homes the somewhere in the mid 1990’s price is what I would consider a steal or maybe the deal of a life time (one that only comes once in a life time if you know what I mean).
