There is no shortage of fools who are ready to rush out and buy a home in San Diego. It’s a long way from the bottom and those who buy now will regret their hasty, emotional, “gotta have it now” desire for owning home and paying way too many $$$$$ for houses. You probably won’t see the bottom until 2011-2012 and by then, there will be plenty of houses to choose from. And after the bottom is finally found, prices are not going to magically zoom upward again for a loooooooong time. Any rational, logical person can simply look at all the information that is readily available on all the major, news websites and in newspapers to see which direction the economy is headed for the next few years and what’s going to continue to happen in the housing market.
Don’t be a sucker and follow the herd while they’re jumping off a cliff.
