Here’s an example, but note

[temeculaguy]

Here’s an example, but note this is not the tract I bought in, just comparable fundamentals and one that I considered.

http://www.redfin.com/CA/Temecula/45269-Chateau-Ct-92592/home/12512013

It’s a short but based on the price reduction suggests no action at 339k, it sold new in 2000 for 313k, so an offer of 300-313k would put you near $90 a foot and at or below year 2000 pricing, something I consider a safe play.

While my experience with shorts was not good, it did distract me for months while the market fell another 10% so it was good overall and you never know when one will work.