Dude, it sounds like there’s money burning a hole in your pocket. I don’t know of any good reason to buy that place now. No one knows how far down this slide is going to go. I think that a condo-conversion in SD might actually drop more than 50% during this bust cycle. Why not rent and let the risk be borne by someone else? Do you think that the 20% reduction you got just by asking is going to disappear if you don’t act now? If so, then you should buy. If not, then rent a nice place for the next few years. You don’t have kids, so this could be a great opportunity to rent a place that you couldn’t have as a family…like a small place right on the ocean, or something equally impractical but fun. I hear that there are a lot of downtown condos aching for tenants.
