Last week I predicted we were at the bottom of the housing market in San Diego. If prices decline for the next 4 years and by another 40% I will be precisely as accurate as Schiff.
Uh, Schiff never said we were at a market top or bottom. He’ll say he doesn’t know if you ask him about specific time frames, which is something I very much respect about the man. He merely pointed out that the market was in an unsustainable rally.
Anyone that could conclusively predict market tops and bottoms would be a multi-billionaire in short order.
And unless you sold in SD at the top and are renting or moved to a cheaper part of the country, your “timing” was no better.
