Well I think that is the point, in a lot of hard hit area’s (in and around SD/OC and LA), your at the point where no one is going to sell Voluntarily.
There are still a lot of nice foreclosures out there but eventually these will go and then there will just be the real dog’s etc…,
And while I did sell a home in late 2004, I do own a home (bought at 2002 price levels) and yes I can hold this no problem, and yes I will buy at least one more if I see a real bargin in costal SD come up.