Me thinks awombadavis purchased in PB at the top of the market and is in denial that values will eventually drop substantially in that neighborhood just like all the others in SD.
I agree with other posts, there are going to be lots of nice places available to those with cash on the sidelines. Mark my words, there is going to be a monumental meltdown once Alt-A and pay option ARMs start resetting from ’09-’11. These loans are a LOT of speculators that purchased in PB that are going to walk away from their debt obligations and send PB properties back to the banks.
There will be lots of opportunities to purchase NICE homes in PB in the next few years, GUARANTEED!
