Piggs, I guess what I’m trying to say here is that I read here several times a week that potential buyers are “waiting for bottom.” Some state they are wishing to purchase in “highly desirable areas” of SD County. I don’t see this “bottom-yet-to-come” constellation in those areas. Perhaps the bottom is not yet here for an exurb and/or inland subdivision built since 2000. Perhaps those buyers should wait to buy unless they can strike a GREAT deal now. But for the buyers waiting for SFRs in coastal zip codes (esp one stories, those with a good view or custom-built) to take a nosedive in value, I feel some will wait forever, given the current mindset. Meanwhile, these properties may be snapped up by more confident buyers who recognize value when they see it. I’m not “bullish.” I’ve just been around long enough to know what is real and how to make it work.
