Seaward…I work in Serra Mesa, 92123. Guess we are competition, but don’t worry, I’m a pushover.
SD Realtor…thanks for your perspective. I will continue to look, but have decided not to jump into anything unless/until I find something I really like. Will be looking daily this winter.
I am not convinced that all this government intervention will (in the end) save our economy, but that remains to be seen. At some point these banks have to start taking possession of these homes and ultimatley dispose of them some how. Very interesting thread right now about people living in homes for a long time and not making their payments, thus providing extra cash flow to do other things with. Eventually that has to stop. As far as interest rates, Geither came out with news that they would be lengthing bond maturities which should steepen the yield curve and cause interest rates to tick up a bit (we shall see).
Temeculaguy, I read your forum with interest when you bought your house. I think you have a pretty interesting perspective on the SD market too, as you were the one who argued that there will be a floor under certain areas. That got me to thinking and start looking. Temecula would be too far of a commute, but the idea of having no house payment is tempting.
