Long time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
