I’ve never said MM is at the bottom, but I did say, we don’t know how different areas will reach the bottom. Will it be a slow V recovery, a L recovery or a U recovery, or a combination. We don’t know till it happens. For all we know, Temecula & MM, etc will run side ways for the next 5-10 years from here. The inflation will bring it well into the 60+% drop range.
Yes, MM will have to compete with San Marcos, Escondido, Tierra Santa, etc. Out of all those areas, MM has the best schools and closest to the high paying tech jobs.
