I toured some of the redc auction houses today, not much of a crowd and no “investor types” were spotted. People that migrated here that are getting forclosed on will leave the area and rents will go down because people will not commute in the same numbers to rent as those who will commute to buy. Renters live closer to work than owners for the most part. Stay out of the sucker rally and matt is right, it will be with us through most of the summer, when S.D. and O.C. start taking serious hits later this year and $4 gas starts becoming the norm, the exhurbs are gonna get nailed because of migration back to the cities.
