You are older and wiser, perhaps the advice will resonate now. You caught the falling knife due to spousal pressure and regretted it within a year. But looks like you hung in there and won anyways.
I’m with the others, I don’t see a nominal fall in prices in SD, but I do see an inflation adjusted correction. What AN said is mathematical support for this, the ratios aren’t out of whack like they once were in many parts of SD and inventories support his theory as well, plus there is no shadow inventory these days.
If you can afford it, just sell in Temecula and buy in SD. Just know your housing dollar stretches less in that direction than someone going the opposite direction. If you can sell and live super cheap, with family like someone mentioned, then you might be able to time the market. But odds are your rent in SD will cost more than your mortgage in Temecula, so if you are not saving now it will be worse with that move and you will end up eating your profit. Sell and rent worked great in 2006, I’m just not seeing the same math today. I am glad to see you are still with the same wife, her wants and your desire to fulfill them were your downfall last time, but wives are worth it. Reminds me of Michael Dell’s high school teacher who invested the money he saved for a new wedding ring for his wife when dell was just starting. He saved to buy a better ring for his wife who married him when he was poor but invested it in dell at the beginning when ot was in a garage. Once it was worth something he sold half of his interest and bought her a 7k ring( his original investment), leaving the remaining investment in the company which ended up being worth some crazy number like 100 mil. So he reminds his wife daily that he hopes she likes her 100 million dollar ring because that is what he lost because she had to have it right then. I made up the numbers from memory so apologies in advance of they are wrong but the sentiment is the same. But again, they are worth it.
