Like sdrealtor said, the vibe is like no other. Hopefully if I play my cards right in 15 years I will be sitting on deck looking at the ocean. I am no professional BUT have been watching the Encinitas/So. Carlsbad area for way too long waiting for prices to start drop. I know that there are some that say that these areas are “immune” to big price drops but I think that its only time and will be quicker than most think. This area peaked after Temecula and the outlying areas therefore it would make sense that it would lag in price decreases. Also, living in the area has opened my eyes to how many people cannot afford the lifestyle that they are living.
FWIW- The people that told us that we were crazy to sell our house when we did are the same people that are telling us that this area will never see the decreases that we are anticipating.