I am active duty and currently stationed in Jacksonville NC.

Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.

As those prices fluctuate, there is a builders somewhere putting his feet up waiting to see a market turn more active because the last thing he wants to do is start paying crews to build houses, that could drop in value while he's halfway through the build process and losing equity halfway into the project.

It's a very local question based on the comps and active/recently sold inventory inside the community.

So i am not currently actively seeking brrrr opportunities (but if one fell into my lap, i would no complain).Likely the most sure value add in So Cal at this point are lot splits.  

Understand you have great equity position but it is expensive, but more importantly  takes a lot of time and very distracting from other money making activities to foreclose.

Quote from @Feroz Penangwala: Hi everyone, I’m curious—how many of you are actively closing real estate deals right now?

Hi Kmsuea, it all depends on your commitment to actively looking for and purchasing a property. 

I currently live and invest in the area and know my market but many of out of state investors get taken advantage of if there don't play an active role Detroit.

Jaco Beach, known for surfing and close proximity to the San Jose airport started new construction projects, that will require an increase in the variety of activities for the tourists.