I looked at newer condos this weeekend in UTC and Mission Valley. After showing lack of real interest in the overpriced places, the sales person mentioned a discount of 5-8 per cent off of the 550k sales price for the largest 2-3 bedroom/2 bath units. That and they seem willing to pay most closing costs, HOA dues for 2 years and property taxes first year. SO.. this tells my gut instinct to wait at least another year because the prices will continue dropping.
Am I correct? Who knows but I would rather spend less if possible!
