Yes Arraya, housing will crash when there is a lack of demand. Way to go out on a limb.
IMO lack of demand will come primarly due to financing issues. These will occur due to rate increases. This will happen when our foreign creditors cease to fund our auctions and we start monetizing our debt at a faster rate then we are currently doing.
I don’t see this happening immediately yet I do see it happening soon, perhaps in the next few years.
Finally there are alot, alot of people that are willing and will continue to pay for homes in San Diego that are in good school districts and newer.
So yes when it all does crash prices will come down. Meanwhile keep extending your leases because it will not happen in the near term.
