[quote=deadzone]And yet you keep deflecting the fact that RE is on fire all over the country. Do you really believe that San Diego is somehow immune to the bubble bursting? Yet so much of the wealth and RE gains in San Diego are a direct result of the bubble inflating?[/quote]
I don’t think there is a bubble. There’s an unfavorable pricing issue for those that chose to sit out buying …. if there is any downturn some people will have a hard time paying their mortgage. But I think there will be plenty of other people to take their place….unless we have a huge meltdown….but then if that happens, I doubt you would be able to take advantage of it since you would probably be unemployed just like everyone else.
