[1973911s]

Wayne,

I knew several people that sold there homes in 2001, 2002, and were going to wait tell the market crashed and rebuy. We one of them has lost 500K and the other closer to 1M. Not to mention the write of of the interest on the taxes.

I agree this market is crazy, but there is still a demand, and while it will slow when rates go up, people will still come to Cali. We will see prices drop a little, but I feel it is bad to get out and rent. You will still be ahead if you work with your smaller condo.