I appreciate you turning to the Trulia experts to help answer your prudent questions and get a grip on today's uncertain market. Yes, we are currently in a declining market. The trend is towards a further reduction in the median Home Price in Camarillo, which was $440K as of September, with a seasonally brisk 78 home sales in the city. There is talk amongst those in the know that Option-ARM mortgages will continue to reset through the year 2012. So, in the event you decide to stay on the sidelines and wait out the market, you stand a greater chance of paying less for your investment property, and with it, lower property taxes. Net to you is more cash flow (rental income) from the outset and more appreciation in the years to come.
A seasoned investor is not in a hurry. An investor does not become emotionally involved with a particular property. For an experienced investor, like myself, it's a numbers game. Where can you get garner the highest ROI (Return on Investment), based on your degree of risk. Send me an email and I'll ship you a complimentary copy of a wonderful book on real estate investing. Happy retirement!!