The economy grew at a pace of just under 1.0% in the first quarter of this year. While this is not a cause for celebration, it is growth and the very definition of recession requires that the economy is contracting instead of expanding….
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate. San Diego is a great place to live, but all the residents there pay a huge weather premium in the value of their homes.
The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay. SD Home Investments
Houses will only fall 30% if everyone rushes for the exits. 5 years ago many markets were underpriced and it’s highly unlikely they’ll go back to that level. There’s still a lot of demand for housing and THERE ALWAYS WILL BE! Anyone predicting a 40% decline is making a prediction because he earns money by making predictions!
Not A Recession?…
The economy grew at a pace of just under 1.0% in the first quarter of this year. While this is not a cause for celebration, it is growth and the very definition of recession requires that the economy is contracting instead of expanding….
Trackback by www.buzzflash.net — June 4, 2008 @ 12:49 pm
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate. San Diego is a great place to live, but all the residents there pay a huge weather premium in the value of their homes.
Bay Area Attorneys
Comment by San Francisco attorneys — June 9, 2008 @ 12:42 pm
The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay.
SD Home Investments
Comment by San Diego real estate agents — June 9, 2008 @ 12:43 pm
Houses will only fall 30% if everyone rushes for the exits. 5 years ago many markets were underpriced and it’s highly unlikely they’ll go back to that level. There’s still a lot of demand for housing and THERE ALWAYS WILL BE! Anyone predicting a 40% decline is making a prediction because he earns money by making predictions!
San Diego Dentistry
Comment by San Diego California dentist — June 9, 2008 @ 12:44 pm