5yes, I’m in the same boat, it is getting to the point that rent is higher than buying. $1500 will get you almost nothing, $2000 is about the average rent. Even the apartments that just reverted on 79s want 1800 for a 3br and 1600 for a 2br, no garage and you get to climb three flights of stairs(prices will come down, nobody is renting there and the prices are nuts). 79s had no apartments until this week so the rental market is tight but it is a unique situation so I am choosing to ignore the rent multiplier as an indicator of when to buy. It was also very slim on condos but I think that d.r.’s 200-400 new condos and temecula creeks 200 new apartments should ease the rental prices since it will more than double the rental stock in a very short time.

Will you get 1800 sq for 280k in Redhawk, I would say it is guaranteed by Christmas but Redhawk has very few homes that small. Numerous Realtors list things as being in Redhawk or the Redhwak area that are not, there are only a few tracts with a few models in the Redhawk HOA that are under 2000 sq ft (same goes for morgan hill), but the adjacent fill in developments like Bridlevale have alot in those ranges and you still get to drive through all the beautiful landscaping on the way home. The trouble with Redhawk is that it is one of the best looking and best maintained communities most people have ever seen and it was primarily built pre-bubble, all factors that have kept it’s prices high.

If you don’t mind paloma, you will have your pick in that size range and price range by Christmas, the banks have just started to come down.

Here’s a repo in a below par tract in Vail for 277k with a nice pool that just listed

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=1&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=17&maxprice=400000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=21589728

And here is the new low price leader in the Three car garage monitor in Crowne Hill for 330k on a 10k sq ft lot. It represents about a 20% drop in three months when the cheapest 3 car in 92592 was over 400k, today there are 17 below 400k, some well below.

http://www.immobel.com/personal/1_3_1/listingDetails.do?featured_int=0&c_mtype=res&searchId=0&minprice=300000&c_type=&xml=1&serverId=0&rpp=15&c_year-built=&c_garage=&la=EN&cu=USD&ssid=0&per=mrmls&c_zipcode=92592&c_city=&st=2&maxprice=340000&back1=%2Fpersonal%2F1_3_1%2FsearchResults.do&of=21600580

They leapfrog down almost daily, we are in a terrible spot because we can now afford what we want but we must stay strong, stay with the piggington 12 step recovery program and lean on us for support to curb you temptations.