Though my own personal opinion is that we are not yet at rock bottom for the real estate market prices, I do believe there are some serious bargains out there now.
Certain neighborhoods have not declined as much as they need to - but here is the kicker - some neighborhoods have overshot on the downside and are actually very good deals right now!
The local San Diego market is a very tricky animal. Do your due diligence and make sure you have a plan - then move fast! Now is the time you will look back upon in 5 to 8 years and say...
"That was the bottom and I wish (or I am glad I did) I bought 4 or 5 homes in 2008"!
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