I think it is possible that all areas will be sitting at the bottom around the same time but that doesnt mean they will reach that bottom at the same time.
Less desirable areas have fallen fast and hard already. They are quickly approaching a price where buy vs rent makes sense. The OP’s point was when will these areas reach a price that is within 10% of the bottom they will see. I dont believe he implied any turnaround timeframe.
I would also add to the equation that the government (both local and fed) has and will continue to do what ever it needs to do (inflation or fairness be damned) (the other outcome is just too dire to think about).
Just my personal feelings but I think the Temecula/Murrieta ares are already there,
I think I heard that the affordability index for the ie is about 45%.
That’s pretty high IMO
I would also add to the equation that the government (both local and fed) has and will continue to do what ever it needs to do (inflation or fairness be damned) (the other outcome is just too dire to think about).
Just my personal feelings but I think the Temecula/Murrieta ares are already there,
I think I heard that the affordability index for the ie is about 45%.
That’s pretty high IMO
I would also add to the equation that the government (both local and fed) has and will continue to do what ever it needs to do (inflation or fairness be damned) (the other outcome is just too dire to think about).
Just my personal feelings but I think the Temecula/Murrieta ares are already there,
I think I heard that the affordability index for the ie is about 45%.
That’s pretty high IMO
I would also add to the equation that the government (both local and fed) has and will continue to do what ever it needs to do (inflation or fairness be damned) (the other outcome is just too dire to think about).
Just my personal feelings but I think the Temecula/Murrieta ares are already there,
I think I heard that the affordability index for the ie is about 45%.
That’s pretty high IMO
I would also add to the equation that the government (both local and fed) has and will continue to do what ever it needs to do (inflation or fairness be damned) (the other outcome is just too dire to think about).
Just my personal feelings but I think the Temecula/Murrieta ares are already there,
I think I heard that the affordability index for the ie is about 45%.
That’s pretty high IMO
