Do you really think so? There are not many houses on sale in San Diego right now. That “shadow inventory” is so elusive, that I lost hope for it ever showing up in MLS. Rates are not going to be as low for long.
As someone said in another thread people who were scrupulous and did not buy during the bubble are screwed and mad as hell. I see people throwing money like crazy to get in a property now. It feels like we the pigs already lost the waiting game.