Yes I agree with you on the point that something is happening. It was only a matter of time. One thing that to me was nice to see was the Carmel Valley home going for 675k (it was an REO) that someone posted about a few days ago. It was originally listed at 749k as well in an area of 800k homes.
So this is very good to see.
Again, yes a 150k drop on a small home in Escondido..
Would you live there?
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Don’t get me wrong… this is all good and long overdue…
However all of these falling prices don’t seem to have stopped people from buying in 4S Ranch. We see posts here and there about people making offers there don’t we? Seems like people are also still looking for homes in Fairbanks Ranch and other high end spots. These are also the people brave enough to post here. For all of them that do I am sure they are plenty of them that do not.
Again, I am not trying to rain on the parade. I am just saying what I said before… lots of good deals, not lots of good properties (at least not where I want to live)… I am confident that over a longer period of time that they (the good properties where I want to live) will come down to where I want them to… However I think you and I may have different thoughts about that timeframe.
