Thank you FSD for injecting some sanity. Going back over 2 years I have been saying that those with the doomsday mentality will be to paralyzed by fear to act when the time comes. This is not an endorsement to buy now as that is a personal decision for everyone to make for themselves. However, with the decline in prices in many areas and interest rates what many of you have hoped for is here or will be arriving soon. You can choose to live in fear or you can get on with the business of living life and enjoying it to its fullest. Kids grow up and life passes us by in the wink of an eye.
Both of us SD realtor guys have been crowing on for over a year than heroic measures beyond anything we could comprehend were coming. Those measures are here and more are on the way.
For investors, I am now seeing properties with double digit returns. For homebuyers, I am seeing homes that are cheaper to buy than rent. Is it a bottom??? Who knows but probably not. Then again who really ever catches an absolute bottom and gets exactly what they want. Many homes in places like Oceanside, Chula Vista, Escondido, Vista etc are likely within 10% of their bottoms at prices where even another 10% decline on top of that wouldnt be monumental. I’m as negative a guy as there is out there selling RE these days and my clients are looking in earnest now to find what they want. It may come next week or next year but when it does at least we’ll be out there to jump on it when it does.
