Congrats on your good fortune . . . I wish misfortune on no one. So I can “take it to the bank” that all of the future buyers which are stacking up on the sidelines (like me) and renting will take a casual nonchalant entry into the market such that I will have days, weeks, months of forewarning and notice before a measurable appreciation trend becomes apparent. That the areas I want my family to live in CV, 4S, Scripps, etc. will not see a significant increase in buyer activity once the collective wisdom assesses that the market has turned. I can absolutely rely (synonymous with “take it to the bank”) that me and everyone else crowding the sidelines of future buyers wont cause anything like a spike up in prices when the market eventually turns. Sorry if I don’t share your degree of certainty about a turn in an asset market my experience to date has been the opposite. The turn is hard to detect.
Ex-SD On a side note if you sold, made your bundle, and live in S. Carolina why do you spend so much time on this blog for “Southern California Housing Bubble News and Analysis” especially as a poster. I don’t detect gloating do I???
Psst! Quick someone pin a star on Ex-SDs forehead for his RE investing acumen and genious for selling and “cashing out” when he did.
