Sorry guys things are definately going to devalue but not to the extent where everyone can afford a house. This is still San Diego and if homes get to pricing like $144k for this, I’ll be buying them by the boatload.
Well, things are different this time. There is a glut of inventory from overbuilding and RE/retail dominate the employment numbers. A housing crash plus recession is going to dry up whatever pool of potential renters are left.
Assuming the market really starts tanking hard I can see rentals becoming a hotter commodity, as more folks would consider moving to SD, renting for a year then buying at the bottom.
