IMO, in the next 18 months we will see the steepest part of the price decline in this real estate cycle in San Diego. The peak was nearly 2 years ago. Inventory and foreclosures are building. it’s a given in the mainstream media that real estate sucks.
If you wait until 2009 you likely will have limited your down-side significantly. Not saying that that’s when the bottom occurs, but it’ll be close enough for long-term holders to avoid significant losses.
