Dear So and So

[Trek420]

Dear People of the World:

I know there are big problems out there, but never mind. One of you is going to buy my condo eventually, so why not just get on with it? Then you will have a fine place to live and you'll be able to do other stuff. (and so will I).

In my neck of the woods I don't see that happening for a looooong time. I found a property manager so I can go do other stuff. This downturn is hurting everyone but hurts the "entry level" market most. The "entry level" in real estate is a single family home.

I don't want to be a downer but until we have jobs to create demand for housing and reduce inventory I don't see that changing.

And even if someone wants to buy my newly remodeled by a designer (me) energy efficient bike commuters dream condo I'm constantly and drastically undercut by repos, short sales and foreclosures.

But if anyone here wants to rent in the East Bay, ask me.