$109 per sq/foot? I’d say you hit it close enough to the mark to go with it. That region started its decline before everywhere else in SoCal, so it’ll bottom out much sooner. Buying at the bottom is peachy if you’re just an investor, but if you are buying the house to live in long-term, 6 months to a year before the market lands is much better. You will no doubt lose equity in your home, but you’ll have a much better selection and have an easier time finding a GREAT home instead of settling for one that’s dirt cheap but just OK.
When the market really hits bottom, all that will be left is swill.
