[quote=1stimebuy]All of this is rather meaningless since if you really look into San Diego market as a buyer… there simply is no inventory in any of the desirable area…
And it looks nothing like something will happen in near future to change that[/quote]
Rich just did a post about 20K homes in “shadow inventory” in SD. It’s artificial scarcity for preservation of the banking system predicated on the expectations of a huge employment recovery.
Buying a home today with expectations of no serious declines is betting that this untested theory of market manipulation will work.
