This guy makes a good point. Houses are comming down a little on the whole, and a huge amount for the “screwed”. I have seen a few houses in the past couple of months come down $100 thousand and they were gone in a couple of days. But the listings are not climbing higher, they have come down a little, sales and a lot of expired listing I expect http://www.benengebreth.org/housingtracker/location/California/SanDiego. I have friends that didn’t buy in the 90’s and kept saying not for $200,000, not for $300,000,(and they could afford it) and now its out of the question for everyone who isn’t a doctor and a lawyer. Now that they have made 500 thousand for their landlords’, not to mention what they are paying in rent,(close to 2000) now the rents are on the rise so that the landlord’s can make their payments and the forecloser’s are gonna send folks into the rental market, which occupancy is at like 95%. http://www.realfacts.com/7262006.html
It may not come down to the levels folks are thinking here. “Don’t hold your breath” like my neighbors did.
