Comments on: Balancing Act: Timing Is Everything

By: susan.brady

susan.brady — Thu, 25 Sep 2008 20:02:44 +0000

Thanks for all your input – good info all around.

By: Bob

Bob — Thu, 25 Sep 2008 16:37:57 +0000

The key perspective we should consider moreso is within each neighborhood. Prices have adjusted more significantly in Escondido, whereas not as much in Rancho Bernardo. A statement that we are ‘done’ adjusting may be premature if we’re not looking at micromarkets and instead are averaging regional adjustments.

True, prices are lower relative to where they were. But they went up a loooooong way. Current RB/Poway prices are still too high for the average buyer.

By: Lily

Lily — Sun, 21 Sep 2008 20:36:04 +0000

low prices but not low enough for average income to afford payment, maybe just to get by.

By: Joel

Joel — Thu, 18 Sep 2008 06:16:30 +0000

…except the price will most likely go even lower.

The optimists are predicting that it will bottom in 6-9 months, but it may drag for years.

And needless to say, price trumps rates since one can always refi.