jp, never forget the saying, “A fool and his money are soon parted”. Make no mistake about it. The coast is coming down. There are lots of examples of people on the coast selling for less than they bought a couple years ago. Some significantly less. But there are still fools out there that didn’t get the memo that house prices are falling. (How they missed this is beyond me, but they have) There are fewer of them every day, but I still see case of people overpaying. But every day there are more “motivated” sellers hitting the market. And that means prices will continue to come down.
