[SoCal Pubbie]

This stupid buyer bought a 1350 sq ft house in Mission Viejo in 1987 for $145,000. It would now sell for about $400,000. I've seen prices fall before, and they probably will again. And just like before they will go even higher when they come back. In case you didn't know, they aren't making any more land out here and people keep flocking to the state, despite what the Kali haters here say.

[The Coopster]

Well, you know what Barnum said......

[Pompah]

You tell'um Pubbie. !

Housing prices in San Diegoo County rose a solid 20% last year. They just keep coming. I'm looking for the exits too. But I don't see any yet.

[BJungNan]

This stupid buyer bought a 1350 sq ft house in Mission Viejo in 1987 for $145,000. It would now sell for about $400,000. I've seen prices fall before, and they probably will again.

I think the point is that they are falling again. Anyone paying $750,000 for the house we were talking about is taking a big chance. The market is at a previous high of 10 years ago (before the big crash out here).

Certainly if you got into a house in 1987 you will have done good. Consider your equity and if you can get out, do it. Lot's of places to go with $300,000 in the bank.

[A Navy Vet]

You got that right.