I am in the camp that thinks when it becomes cash flow neutral for investors to put down 20% and a 30 year mortgage, That will be about the bottom for any given area, given that I think Temecula will bottom out sooner than most areas. But at the same time it’s not going to rocket up over night either (unless something unforeseen happens like hyper inflation or something).
Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .
Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.
