“I know lots of people on this forum are waiting for houses to drop another 30-40% so they can get them at rock-bottom prices. Be careful what you wish for. If that were to happen, there would likely be riots in the streets and major police action.”
The last RRE price peak was the highest ever, but we still haven’t yet even matched prices at the last trough, after adjusting for inflation. I can’t recall those 1996 RRE riots. Were angry La Jolla homeowners burning their own homes in anger at the low prices? Or were those riots in Coronado?
