I am not going to comment on the current debate among people on this thread but I will go back to the fundamentals and ask that someone explain how home prices can stay at the prices they are now based on:
1. Increasing Personal Debt
2. Tighter Lending Standards
3. Stagnant Wages
4. 5%-10% Housing Affordability In San Diego
5. Job Stagnation In San Diego
For me to believe the housing market is going to stay stable or flatten or go up, I want explanations as to why that will happen in the face of all fundamentals.
I am a bear, I won’t hide it, but I am willing 100% to look at the other side if you talk fundamentals and explain to me why you think bullish on the market going forward.