I saw a couple actives of 2005yb homes in 92078 listed for under $300k. Both were listed for $200k less than their 2006 purchase price. That’s 40% in my book.
And they said it would never happen.
This correction is now moving a lot faster than I ever thought it would. It has taken on a life of its own. No amount of outside stimulus is going to change it’s course.
Commercial real estate is next, and I predict its downfall will be even faster.
