I agree with you IBJ… I am both an owner of a few properties but I am renting cuz I need to buy because my family outgrew our home but I didn’t feel the prices were justified.
There have been lots of posts with banter about when to buy, the cost of renting verses buying, etc… While there is no gaurantee that San Diego’s prices will ever be cheaper to own then to rent, (personally that will be tough) I think there will be some more concrete buy signals.
IMO the easiest one will be when yoy sales level off to match the previous year. When that happens, we may not be to happy because the pricing may not be what buyers want, but pricing is determined by the market.
