[quote=poorgradstudent]I’ll throw in one caveat that San Diego *housing* may not have hit a true bottom yet. As other threads have pointed out, artificially low interest rates and tax credits are propping it up, and if those end it may cause another dip.[/quote]
Throw in the caveat that once people are booted out of their house and have to start shelling out rent every month, they will have less money for dinners and movies and clothes and cars and trips and toys, etc. That translates to less money in the economy and potentially more job losses. Last I check, banks still want you to have a job to buy a house.
