It's statistics time! Dean Calbreath says not to expect housing to bounce back that quickly.

Check it out. From Sign on San Diego's Dean Calbreath:

The median family income in San Diego County is $69,400, according to the latest data from the U.S. Department of Housing and Urban Development. That puts us slightly below the median family income of $73,700 in Madison, Wis.; $71,400 in Denver; $72,600 in Norwich, Conn.; or $72,800 in Worcester, Mass. – to cite some examples from HUD's database.


Although we make less money than the people in those cities, we pay more than twice as much for our housing. In San Diego, the median sale price of an existing single-family home in the second quarter was $614,000, according to the National Association of Realtors. Compare that with $223,500 in Madison, $255,200 in Denver, $276,600 in Norwich and $278,900 in Worcester.

Basically, this is what I learned from this op ed piece (which by the way you should read): Meadianly (that's not a word but I'm Managing Editor so I'm leaving it) San Diego doesn't pay for well, but we live by the beach, so we pay for that.

I once heard a lady say "I live on Macaroni and Cheese from Walmart, but I do it in SAN DIEGO."

Expect the housing market to stay... slow. I worry less about people not being able to buy houses then I do about the landlords looking around and going "oh wee, lets charge more money to those people who are making less then peole in freaking Wisconsin!"