[quote=5yearwaiter][quote=peterb]Unemployment rising, credit constricting. And the foreclosures are increasing. This failout plan is cryptic at best when the issue of the average home owner is considered.
How much is not a needed answer ……[/quote]
This is the kind of forecast that I wanted to hear and look further…
…However I am also hearing (and seeing) many start buying due to price decline and few expects this is the OLY BOTTOM for San Diego- this is kind of slogan I don’t want to hear compare to the currernt crisis. I am still hoping a steep price decline for San Diego county (even places like 4s Ranch and Carmell Valley)[/quote]
There were quite a few people buying in January/February timeframe as well. A lot of them posted (here and on other websites like SDLookup) that they felt the bottom was in at that time as well. Assuming a $450K purchase price at that time, they’ve lost well over 10% of that value in the ensuing 9 months since (and that’s probably an underestimate).
