Wow, didn’t think this post would attract this much attention!
Temeculaguy, I know their knowledge didn’t come from housing blogs. My point was to say that you are right, the major news media stories are actually sinking in, as evidenced by my observation in an arena as diametrically opposed to the financial markets as a Sunday morning post-call breakfast.
And yes, to those who question it, I do have $183,000 down, and if I found a property I was happy with I would accept the possible depreciation if I can afford the monthlys. I am a military physician, and am starting to tire of moving around. Hopefully I will get to settle in SD in 2009, and I WILL be looking to buy then. If It still looks like a long way to the bottom then, I may change my mind. It is nice to be in this position, and I’m not going to lock myself into any position considering how volatile the economy appears to be.
