The measures are questionable.As it stands the softening world economy predicts less increases in some commodities which, in turn, helps us.If/when China and the oil rich countries don't depend on our economy for their income, we will be vulnerable to them and they could call the shots.

It’ll change when the market/economy softens a bit.

Fact.The US government is totally bankrupt, Social Security is running out of money, and that the Federal Reserve is rapidly engineering its own insolvency.How do we find value to soften the impact?

Also right now, banks are getting a bit more conservative because of some softening in the market in some places, so be realistic in the amount you think the home is worth and the LTV you are looking to get. 

Affordability is a fxn of price, payment,and income, and in today's environment, it is likely prices will soften, since income is not likely to keep pace and rates don't appear to be significantly decreasing anytime soon.

That said, I may take a closer look at North County once the market begins to soften.

Multifamily would scare me for the following reasons: tenant headaches, rents softening, value add has been squeezed out of it, rising taxes, rising insurance, and rising maintenance costs. 

I would think you'll do better now turning it over than down the road when you can't plan for it or if the market softens.

Mark, I can envision prices eventually softening and perhaps undergoing a correction (?

What's worse in a lot of homes had water softeners put in during the 70's....which adds salt to the water...which makes the rust even worse.