Yeah, i am not sure how many SDers have 90k to put down, unless they sold their town home a year ago and bought it in 2001. Most spend their money at Fashion Valley or at Car Country Carlsbad.

I just have this gut feeling that when the pendulum starts to swing back in the positive growth direction, it’s going to swing harder than it did these past few years. If you’re one of the little guys and you’re not in, forget it. You’ll be renting for the rest of your life. It’s almost like you have to buy when everyone is running and sell when everyone is trying to get back in. But who am I….

There are two places I would never buy in SD. East Chula Vista and Downtown San Diego. These two locations are going to get crushed over the next couple of years.