I hope that ps comes back to the forum – she adds a lot. She may just be a little upset at the UCLA forecast of a soft landing in San Diego prices.
For those that have actually sold their homes and are now renting, betting on a large fall in prices: Who knows if your forecast is correct or not. But if prices don’t fall by much more than 10%, selling and renting will have turned out to be a bad idea, since it typically costs about 8% to sell a house, with realtors and other closing fees. A 15% drop in prices might be the break-even point, since if you’re renting for 2-4 years you will also lose a major tax deduction.