It’s hard to say if we will ever get there.I would say 30% to 40% off peak would be 2003 prices in Temecula (about 400K for 3100 to 3500 SQF with 2% tax in Temecula proper 375K just outside of Temecula city), But it’s hard to say if we will ever get there.
If the economy were to start to tank badly I think there would be no end or limit to what uncle sam would do to get things moving again (too much at stake).
