When you said that the people who previously live in PQ & CV will move down to MM, I thought you implied that MM is in the middle segment & will never lack of renters/home buyers. Keep in mind that the people who move down from PQ & CV will have other choices from San Marcos, Escondido, Tierra Santa …
if you predict MM still have another 30+% drop left, then all other ares in NC will still have another 50-60+% drop left.
You are right. The areas in NC that are nicer than Mira Mesa are behind MM so will have more downside potential. Just as Temecula has less downside potential than Mira Mesa because Temecula is closer to the bottom. Because Temecula hasn’t bottom out yet, I still think that Mira Mesa is no where near the bottom
