I am very strongly considering buying in the fall/winter of this year. I don’t think we’ll be at the bottom then, but we’ll probably be another 10-15% closer to it, and we’ll be starting to see rent parity in some of the outlying areas (I’ll be buying in North County). Since we’re planning on staying whereever we buy for at least 7-10 years, I think we should be ok.
If I were looking at 4S, Scripps Ranch, or CV there is no way I would buy this year – I think theres still a lot of bubble air to be bled out of those areas. But I suspect the nicer areas of Escondido and San Marcos will be somewhere close to the bottom.
