[quote=sdrealtor][quote=scruffydog]I did not state that everyone should run out and buy real estate today – unless you love the property and are going to live in it awhile. I’m guessing we are at a cycle peak – prices will be flat for awhile. What I am trying to convey is that the market will NOT collapse as many of you want. The economy and most importantly the job market remain very healthy and wishing it were not so will not change reality.[/quote]
Welcome back Old Dog! Im gonna have to go back and read through the whole thing when time permits. Time only gets kinder to the old dog! Within 2 years of his post the market had pretty much bottomed and turned in 4. [/quote]
Totally flabbergasted by this statement. Even in the passage you quote scruffy said that the market will NOT collapse – yet it did! When he made the statement (July 2007) we were at a market peak and within two years (Mar 2009) it went down almost 50%! He said prices would remain flat! How can you say his prediction was right?
[img_assist|nid=27514|title=San Diego Home Prices By Year|desc=|link=node|align=left|width=466|height=304]
