I anticipate that in 5 years SoCal will be at or near the bottom of the real estate cycle.It could happen faster or take much longer.No one knows for sure.My plan is to buy a couple of properties in Dana Point/San Clemente/Laguna Beach/Newport Beach or Huntington Beach when we get close to the bottom of this real estate cycle.
I’m always telling everyone who comes into our business to put off buying a home for a few years.Save your dough now and you will be rewarded later.Some people listen,but others fall prey to those smooth talking devils who claim that real estate never loses value blah blah blah blah……
