One Man's "oh my God I've had to declare bankruptcy and my life is falling apart" is another's "woo hoo, look at that steal of a deal."

Just released on Market Wire:

San Diego's Finest Real Estate (SDFRE) is launching the "Great American Dream Home Tour." In February and March, the company will take prospective buyers on a four-hour guided search for bargains within the San Diego residential foreclosure market. The tour's first stop: Solana Beach, Del Mar and Carmel Valley on Saturday, Feb. 9 from 9 a.m. - 1:00 p.m.

It's kind of like a star spotting, fancy house tour, only instead of Leonardo Dicaprio you have the possibility of viewing the poor guy moving out his soon to be repossessed furniture because he couldn't afford to refinance his already high interest rate loan.

The Housing Market is Still on it's way DOWN, DOWN (not that there's anything wrong with that)

Because I'm not an economist (wait, what? But you seem so knowledgeable about all things money) I try to stay away from the whole "alright here's what I think is going to happen with the housing market." I talk to my husband about it sometimes (he's not an economist either, but he has his finger on the pulse of the market and thinks he knows everything) and we both seem to agree that it's still on it's way down (hopefully for the next two years).

Yes, I said hopefully. You see, here's my take on it (the non economist take).

San Diego is a nice place to live, so lots of people wanted to live here. Even more people wanted to make a lot of money off of those people who wanted to live here because it's so nice to live here. So they went and said "ooo, we have this house that we could probably sell for a reasonable price and make a pretty good profit, OR we could price it REALLY high and make a GREAT profit. Let's do that. Go money!"

In turn, those people that really wanted to live here, went and bought houses. They even bought houses in Santee for crying out loud. Houses were bought, they were bought for a lot of money that a lot of people didn't have. People kept paying more and more for them and they were, wait for it, OVER PRICED.

Wha, wha?

Yep, OVER PRICED.

And the rest of us went "well, I like living in San Diego but I'll never own a home here. That's okay, I'm okay with it."

And then the housing market went "blurg." That's right "blurg." And all those people who were buying houses for way too much money went "holy blurg!"

And the rest of us went "hey, that's too bad for those people that can buy a house."

But now we come to the good part, (well, as non economist goes) where the rest of us are starting to feel a tickle in our ear, a pull at our pocket books. Could it be, a slight, remote, teeny, tiny possiblity that perhaps the rest of us could maybe, sort of, kind of, afford to buy a house? IN SAN DIEGO?!

Well, if the market keeps going the way it's going, maybe...

Are we at the low point of the San Diego housing craziness? (And can we get a list of the jobs these people with this MEDIAN income are doing?)

The San Diego Market Prognosis is looking up, according to some people. In fact, it looks like we're at the worst of this housing crunch thing (maybe) and if you look at the new information out there, well, more sales are happening and the median income for San Diego is 69,700 dollars, per year. I'm blaming Rady (again) for driving up the Median income. I took a statistics class, I know that in figuring out this Median thing they must have (hopefully, more than likely) thrown out those numbers that would skew said outcome toward a higher number, also likely they threw out some super low numbers, again, skewing. But really, San Diego Median Income is 69,700 a year? Most people are apparently walking around making 69,700 a year?

These people are not bloggers (trust me).

Anyway, according to this article, the San Diego housing crisis is on it's way up next year, probably, maybe, but it's hard to predict these things, even those he's predicting it. Heck, you could even buy a place for 310,000 at this point... I'm waiting for 250, come on 250, 250, walking distance to the beach, safe, garage parking...

May be waiting a while.