But we are actually paying attention. I am not sure what’s laughable about it. We were discussing various complexes in CV, their current prices, trying to predict the bottom, and as you could see, I am not planing to buy until next year at the earliest. Maybe 2011 or 2012.And nobody was saying to buy now. Just informing about current properties on the market. The bottom is not here yet, in CV at least, that’s very clear.
I think your timing is a bit off. I don’t think the prices in CV will be droppping *THAT* fast. They may reach 400K for nice townhomes, but not in 1 year. The reality is the largest townhomes in CV are indeed NOW close to 600K. So I predict that in 2010 they will be ~500K. A 15-20% decline at best. Then upper 400K-500K would be a reality, not (yet!) ridiculed. Maybe they will drop further and by 2011 they will be 400K. But maybe by then the economy recovers and the largest townhomes in CV will never see 400K prices, who knows. Personally, I hope to see starter SFH homes in the low to mid 500K by 2011 in CV… I don’t have a crystal ball, that’s just my hope….
