Condos in SSG Bottoming Out?

Condos along Neil Armstrong and townhouses along Firvale seem to be really affordable now. They are going for around $250k for a larger one, and $180k for a smaller one. With a 30 year mortgage, the payments are not much more than rent. They also send kids to Potrero Heights, which has generally had decent scores. Last I saw on greatschools, it was 7. In years past, it's been 10s. Not sure what's up with that... but I think they can make a comeback.

It looks like these units were being sold for over $300k during the bubble, with mortgages being given to folks making not enough money to afford them. The irony or screwed up part of it is, now, someone making under $50k a year can afford one.

Of course, if unemployment continues, or wages drop, the bottom will be lower.