Is everyone on this blog into investments or is everyone looking to simply own an affordable home and live in it? If everyone is looking at the market as a short term investment opportunity, then it all make sense. Everyone wants it to go down so they can buy at the bottom so when it goes back up, they can cash out. Kind of like what I did with Cisco and XM Radio stocks back in the late 90’s and what everyone tried to do in 2004 with the housing market.
How many real buyers are out there and when will we hit the saturation level of remaining buyers? Also if prices go back to 2002 values, exluding inflation, we’re talking about a 2bed-2bath condo in Mission Valley for about 150k? Is that cheap or am i smoking? I’d pick up 10 at that price. So what is the saturation value of the market’s bottom where people are going to get back in? How many people are just waiting and waiting for the right time? Who is going to be the first back in the market and why and what will be the sign?
