temeculaguy –
I think you are wise to wait in your neck of the woods.
betting on the fall –
Nationally homeownership is at record highs, but what about San Diego. Roughly 45% of the population rents. In LA it’s more like 50%.
Where did the buyers come from after the last downturn ?
After 2-3 years of anemic sales there was pent-up demand. Also, the economy was improving. I believe there need to be triggers, such as an improving economy, good jobs, and an influx of population, etc. to make a bottom. Rent prices typically reflect these things.
