I just sold my condo in torrey highlands for $519k, bought close to the peak of the market at $575k on May 2005. I was lucky to have a big gain on my previous condo so I was able to break even from this sale. But if prices would have gone down another $20k, I could have had an upside loan. I hope I’m not making a mistake. I could have rented the property and waited for house prices to stabilize.
