Arraya, great find. And you know how I feel. Unless you plan to lay down roots somewhere for 10+ years, it’s beyond folly to even consider buying now. We have been happily renting for the past 3 years and are currently negotiating a rental a little further up the coast to a larger house that is currently valued at $1.4 million – and was valued at $5.06 million in 2006. We’re paying the owner $1,000 less than the tenant who just moved out. Unemployment – the key driver in all of this – is going nowhere but up.
