I think I need to clarify my statement. The take a break was not meant to imply that if you take a break, the market will slow down for you. It is simply a statement that I tell alot of people who become frustrated with the market. The bottom line is that the market doesn’t come to you, you need to go to the market. If you cannot tolerate that and are getting overly frustrated, then why spend all that precious time wasting it seeing homes you will not pay for and refuse to bid on? Can’t that time be better spent doing something else?
If you think that the market is gonna turn sour in an election year then I would suggest that you rethink things. Additionally it has been pointed out that San Diego is not like the rest of the USA. There is a limited supply of newer quality homes, there is a limited supply of more desireable zip codes and school districts, and there are a hell of alot of tech jobs and people who make alot of money.
I am not saying you should overpay for something but in no way do I believe things are going to reverse field in the near future. Now if you have a few years to kill and can wait until interest rates catch up to our unsustainable debt load, well then things MAY change.
