Haha, I just had a mental picture of a sixpack of foreclosed condos for sale at Costco.
I’m really pretty sure the smart investors have seen the writing on the wall for some time, are keeping mum and are well-hedged against against the coming tsunami. Probably sold all their investment properties last year, are vacationing in Europe and are waiting to buy back in when the market crashes.
What is beginning to worry me, however, is what all the fallout is going to do to SD county. My long term plan was to stay here (I have a rad, recession proof job and lots of friends, plus love the weather and women). So I’m totally cool with renting for a few years, improving my credit and savings and buying at the bottom. Sad that I’ll be almost 40 by then, but so is life.
I wonder if the future SD, with affordable real estate, will be a place I want to live in anyway.
