[bigsigh]

On Friday I'm taking a 43 year oild divorced woman to buy a house or condo in southern Cal. Her max is $275,000 or $320,000 if she buys a duplex. When I was looking at the MLS I saw half a dozen in Colton in the area in which she now lives, for under $225,000. Two condos, three manufactured, and one 2/2 house.

The market is always crazy in socal, but you can still find a house in a semi-decent neighborhood, if you don't mind an old fixer upper.

[A CA Guy]

If she has a huge down to bring with her, it's OK.

We've seen the market crash over 30% at least twice in the last 25 years.
In this case, people went to RE like they did the stock market, so prices are way to high for what the properties are worth.
California gets further exasperated by wealthy immigrants dumping money they left their country with here.

It is going to be a very interesting ride soon "I think".

Keep an eye on your condos and townhouses. They are the last to benefit and go up and the first to drop. They will be a small warning that the rest of the market will follow quickly.

[RockinRight]

I was doing a search in San Francisco for sh*ts and giggles...and the only homes under $150k were MOBILE HOMES for Pete's sake!