Hey Bob007, haha, you idiot! . Don’t expect Diamond bar to fall that much. Haha. Yeah, let me guess. Are you running out of land. Okay, reality check. In california, from 2003 to now, there has been nothing to support the increase in pricing. Geez, that’s why it became a bubble. Homes went into commodity mode. They are no longer shelter, home sweet home. They are a commodity right now like pork bellies, like nasdaq 5000. Geez. You take average income (in your area) X (2 or 3) and that should equal medium home prices in your area. Geez, I’m sorry I called you an idiot, but really, it’s time everyone hit reality. Your area is not special, not running out of land, and it’s not the schools. Once prices hit insane mode, like thet have been since 2003, all that goes out the window. It’s what people can afford with conventional down payment, fixed loans. The upward momentum is over now, and now there is no where else but down. Geez, Japan actually has limited land, and it’s an island nation (Nowhere to go), and they had 0% interest mortgage loans, and there real estate pricing has gone down 14 straight years. Geez, really, have we lost prospective. Long term pricing trends and home appreciations never, ever stay out of wack for long. They always go back to 2 to 4% home appreciation per year, accounting for inflation. That’s it. That’s all. No schools, no special land, no nothing. Medium income has to afford a medium housing price. SD has 37.5 ratio. I’m sure diamond bar has less. If you don’t like what your long term ratio is, sell, sell sell as soon and for as much as you can. You made a great profit out the greatest real estate bubble our generation has seen. Great going, but stop the insanity about Diamond Bar not getting hit as bad because of the schools.
