[quote=IT.MOM]Congrats. Welcome to the neighborhood. By the way, why did you say price will tank?[/quote]
Glad to be here.
Why?
1. Shadow inventory
2. Unemployment
3. Limited supply of Asians willing to pay anything for good schools (like my wife).
4. Interest rates almost have to go up from here.
5. End of tax rebates (Fed recently, CA soon).
6. Fall/Winter
7-9. A few more I can’t think of right this second.
10. MAINLY, because, after 5 years of waiting for CV prices to fall, I gave up and bought.
I’d have actually preferred to wait, but this lot was so fantastic and unique, I didn’t want to pass it up.
