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...