I followed South Riverside county a great deal (5-7 hours each day all least year). It will be at 2002 prices but every downturn in history has over shot so who knows. I have made it a point to buy when it makes sence (in Temecula). 250k for 2,000 sqft house on a 10,000+ lot or I will never buy. Looking at the tons of foreclosures already out, I will hit that mark and send low bids to banks by the end of this year.
PS.. I stated on my website back in July that a small 3 bedroom house will be listed at 299k by the end of 2006. Nov. 28th one listed. I would put money on this. Anyone up for a fun wager via paypal let me know (10-20 bucks or something).
