Neeta – I agree that two years from now would be a good time to check back in, but perhaps we should review where we are today from the peak in San Diego.
According to Case-Shiller prices are off 7% from the peak in 2005. Add to that a couple years of inflation, and we are down about 12-13% in real $ from the peak.
Two more years of this (even without some acceleration) would be a significant drop.
