Neeta – I agree that two years from now would be a good time to check back in, but perhaps we should review where we are today from the peak in San Diego.
According to Case-Shiller prices are off 7% from the peak in 2005. Add to that a couple years of inflation, and we are down about 12-13% in real $ from the peak.
Two more years of this (even without some acceleration) would be a significant drop.
Neeta – I agree that two years from now would be a good time to check back in, but perhaps we should review where we are today from the peak in San Diego.
According to Case-Shiller prices are off 7% from the peak in 2005. Add to that a couple years of inflation, and we are down about 12-13% in real $ from the peak.
Two more years of this (even without some acceleration) would be a significant drop.
BuyerWillEPB– I think that’s exactly what one needs to do. I find it both a little amusing and sad that people continue to overextend themselves because they think they’re getting a good “deal” on prices compared to a year or so ago. How about considering what a great deal renting can be? Especially confounding are the first time buyers since they must be renting already…
BuyerWillEPB– I think that’s exactly what one needs to do. I find it both a little amusing and sad that people continue to overextend themselves because they think they’re getting a good “deal” on prices compared to a year or so ago. How about considering what a great deal renting can be? Especially confounding are the first time buyers since they must be renting already…
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