[quote=FormerSanDiegan]I believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
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I’m not sure why everyone loves to say we are close to the bottom. The eyes are deceiving, fellow poster. Sometimes they see ghosts, jesus in a pancake, and bottoms and tops.
I can’t stress this enough: The housing market is not liquid! You cannot be in today and out tomorrow for a quick buck. You’re better off sticking your money into FDIC insured accounts until the Fed starts jacking up interest rates.
