[quote=pri_dk]I don’t think anybody here is disagreeing with your analysis – just pointing out that it probably doesn’t apply very often.
BTW, I don’t think typical declines in Temecula are anywhere near 50%+
I know of a couple of homes purchased at the very peak (early/mid 2006) that have declined just under 50%, but these are worst-case examples. I would say “typical” declines from purchase price are no more than 30%.[/quote]
I’ve sold several homes in Temecula that tell me you are wrong. Got one in Harveston right now that is going to sell around 50% off peak.
