Well I guess i should be happy that my condo is for sale in Encinitas. Big money, no whammies! SELL!
As for who is buying, I don’t know, but I will say that I’m literally laughed at when I mention any significant reductions in home values. I have a co-worker that is considering relocation from one PB condo to another. I sent him a link to this site and Patrick.net and he laughed. His comment was “there’s always somebody predicting doom and gloom” (incidentally I think that is the #21 argument on Patrick.net). Anyhow, i’m sure many more on this site are familiar with the sideways glances and the smirks that accompany their bearish predictions. I think it’s just a bit odd that people can ignore it, WHEN ITS ALREADY HAPPENING.
